MJConcept TV News’ review of the Central Bank of Nigeria’s monthly economic report for January 2025 has revealed that the country recorded a decline in Foreign Direct Investment (FDI) during the month.
The document, published by the apex bank, shows that foreign direct investment fell to $0.07 billion in January 2025 from $0.12 billion recorded in December 2024.
Foreign direct investment reflects long-term investor confidence in a country’s economy.
The decline in FDI comes amid rising insecurity and worsening living conditions across the country.
MJConcept TV News’ earlier review of the Open Treasury Portal shows that the Tinubu-led administration spent N3.782 trillion on Defence, Police, Interior, and the Office of the National Security Adviser between January and December 2024.
According to the document, the Ministry of Defence spent N1.973 trillion, the Ministry of Police Affairs spent N903.337 billion, and the Office of the National Security Adviser spent N515.4 billion during the same period. The Ministry of Interior received N391 billion in 2024.
In total, N3.782 trillion was spent by the Defence Ministry, Police Affairs Ministry, Interior Ministry, and the Office of the National Security Adviser in 2024.
Despite these expenditures, Nigerians continue to lament the high rate of insecurity and killings across the country.
In Plateau State, there have been several reports of killings across communities. The Take-It-Back Movement noted that there have been 2,218 killings in Plateau State since April 2023.
More recently, on Sunday night, gunmen stormed a community at about 8pm, killing over 50 people, injuring dozens — including women and children — and burning more than 40 houses.
The attack occurred just two weeks after similar violence in Bokkos LGA, which claimed more than 80 lives.
The situation has not been any better in Borno State, where the State Governor raised an alarm over losing control of parts of the state to bandits.
MJConcept TV News had earlier reported that at least eight people were confirmed dead after an explosive device, reportedly planted by Boko Haram terrorists, detonated on the Damboa-Maiduguri road in Borno State.
MJConcept TV News gathered that the incident occurred on Saturday, leaving several others injured and taken to the hospital.
Local sources, including Facebook user Ibn Maigana, confirmed the attack, shedding light on the long-standing dangers faced by residents in the area.
Killings have also been reported in Benue State, with residents fleeing for safety.
A report by SBM Intelligence noted that the insecurity rocking Benue State has forced 300,000 persons into makeshift camps.
“The humanitarian consequences have been catastrophic. Entire communities have been displaced, with over 2.2 million people forced from their homes nationwide, and more than 300,000 crowded into makeshift camps in Benue State alone.”
Residents in Ondo State have also protested against growing insecurity, with kidnappings and deaths from suspected criminal herders recorded in the state.
Protests have also occurred in Enugu State, where residents lamented the takeover of homes by rampaging bandits.
A report by MJConcept TV News noted that no fewer than 44 farm settlements, known as Ndiagu, have been overrun, with residents forced to flee and seek shelter in neighbouring communities. The affected areas include Abor Ishala, Mgbuji, Agu-Amede, Eha-Agu, and Umuhu.
Inflation and the harsh economy have also been blamed for widespread business closures, with many companies reportedly struggling to survive.
Several companies have exited the country, citing harsh economic conditions.