In a recent report by Cable Index detailing Nigeria’s foreign investment inflows for the first quarter of 2025, Oyo State has emerged as one of the few subnational entities to attract foreign capital, securing $7.81 million between January and March 2025.
According to the report, only six states and the Federal Capital Territory (FCT) recorded any foreign investment during the period. The breakdown includes:
FCT – $3.05 billion
Lagos – $2.56 billion
Ogun – $7.95 million
Oyo – $7.81 million
Kaduna – $4.06 million
Kano – $117,000
Ekiti – $4,250
The total foreign investment inflow for Q1 stood at $5.63 billion, with Oyo State standing out as one of only four states outside Lagos and the FCT to attract substantial investment.
The steady inflow into Oyo is widely attributed to the bold economic reforms and development-oriented policies of Governor Seyi Makinde, who has made it a priority to create an enabling environment for investors. His administration has consistently invested in key sectors such as agribusiness, infrastructure, education, and technology, positioning Oyo as a hub for sustainable economic growth.
Oyo State’s growing reputation for transparent governance, improved ease of doing business, security, and rural infrastructure—especially in agricultural zones—continues to enhance its appeal to foreign partners.
This latest investment report reaffirms Oyo’s emergence as one of Nigeria’s leading subnational economies, driven by forward-thinking leadership and strategic execution. As the country charts a path toward economic resilience, the Oyo model stands out as a blueprint for how subnational governments can attract foreign capital through accountability, innovation, and focus on long-term development.
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