Lagos and Ogun account for the majority of Nigeria’s industrial investments over a two-year period, attracting a combined N1.74tn between 2024 and 2025. The figures indicate that these two states together represent 87% of the national total for industrial investment during the period.
Data cited by both outlets show that investment is heavily concentrated in the South-West, with smaller shares going to other states. One report notes that states outside Lagos and Ogun attract N252bn, while the other specifies that the combined N1.74tn from Lagos and Ogun corresponds to 87.32% of Nigeria’s total industrial investment.
The coverage primarily differs in how the remainder of investments are expressed and the level of precision used in the percentage figure. Both reports, however, agree on the headline totals and the two states that dominate industrial investment over the specified years.
