A report by the National Bureau of Statistics (NBS) that stated the state only received $120,000 in foreign capital inflows in the first quarter of 2025 has drawn criticism from the Kano State Investment Promotion Agency (Kan-Invest).
Only seven states saw foreign investments between January and March, with Lagos and Abuja at the top of the list, while 30 other states, including Kano, saw very small inflows, according to the NBS data, which was referenced by certain media outlets.
However, in a statement issued on Friday by the agency’s Director General, Muhammad Nazir Halliru, Kan-Invest insisted that the state received over $22 million in foreign direct investment (FDI) within the period, primarily for renewable energy projects in the areas of Compressed Natural Gas (CNG) and Liquefied Natural Gas (LNG).
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