In the first half of 2024, thirty-two Nigerian state governors collectively expended N69.71 billion on travel, encompassing both local and international trips, yet failed to attract any foreign investments.
This expenditure marked a significant increase from N34.63 billion in the first quarter. Notable governors for their extensive overseas vacations included Seyi Makinde of Oyo.
Babagana Zulum of Borno, and Dikko Radda of Katsina. Despite the substantial travel costs, only Lagos, the Federal Capital Territory, and Ekiti recorded capital imports during the same period, underscoring a lack of appealing investment factors in most states. Experts attribute this situation to issues of insecurity and instability, which continue to deter potential investors.
