Back to Africa Check

Which West African country gets the most foreign direct investment?

Foreign direct investment (FDI) to West Africa fell 21% to US$11 billion in 2019. This was largely due to the steep decline in investment in Nigeria, after consecutive increases in 2017 and 2018. Inward FDI to Nigeria almost halved, to $3.3 billion in 2019 due to a slowdown in investment in the oil and gas industry. However, Nigeria was still the largest recipient of FDI in the region. 

More facts

Don't be fooled - get your facts straight!

For reading our fact-checks!

Did you know that our work is free to read and share? Support our work to continue reading.

Subscribe to our newsletter

Support independent fact-checking in Africa.