14 Nigerian States Spend Over N21 Billion on Foreign Trips, But Fail to Attract Foreign Investments Due to Instability and Insecurity
• 14 states spent over N21bn on foreign trips from 2021-2023 but failed to attract any foreign direct investments • States include Bauchi, Bayelsa, Benue, Borno, Cross River, Ebonyi, Edo, Gombe, Imo, Jigawa, Nasarawa, Taraba, Yobe, Zamfara • Insecurity, especially banditry, is a key reason investors are deterred from these states • Edo, Bayelsa hoped foreign trips would attract investors but have no investments to show • Experts say lack of stability, economic potential and crisis/insecurity make states unattractive for foreign investors