Published in Economy
Q4 2021 recorded the highest value for capital importation for the year as the country’s inflow increased to $2.19 billion. The total capital importation value into Nigeria for Q4 2021 at $2.19 billion made up 32.6% of the total capital importation value of the year.
April 1st, 2022
Q4 2021 recorded the highest value for capital importation for the year as the country’s inflow increased to $2.19 billion. The total capital importation value into Nigeria for Q4 2021 at $2.19 billion made up 32.6% of the total capital importation value of the year.
Q4 2021 value represented a 26.4% increase from $1.73 billion in Q3 2021. Comparing Q4 2021 to the corresponding quarter of the previous year, capital importation increased by 109.3% from $1.05 billion.
The top five countries of origin of capital importation into Nigeria make up a $1.38 billion accounting for 63.28% of the total value for Q4 2021. Mauritius was the top source of capital imported into Nigeria in the fourth quarter of 2021, with a value of $611.45 Million, making up 28% of the total for Q4 2021.
The United States of America was next with a value of $321.03 Million(14.7%) and the Republic of South Africa with a value of $285.83 Million (13.1%) as the second and third respectively. The Netherlands was the fourth country with a value of $228.02 Million (10.4%) and Singapore with a value of $223.82 Million (10.2%) was the fifth.
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In the fourth quarter of 2021, Lagos state remained the top destination for capital importation with capital inflow of $1.98 billion which accounts for 90.7% of the total investment in Nigeria. This was an increase from Q3 2021 as lagos had a total of $1.48 billion in that quarter. Investment into Abuja followed with capital inflow of $170.55 million making up 7.8% of the total. The top 2 states made up 98.5% of the total capital inflow for the quarter.
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Capital importation is essential to an economic growth as it enables rapid investment, allowing investors to maximize their profits and diversify their risks while also helping to a country’s economic progress.
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Q4 2021 recorded the highest value for capital importation for the year as the country’s inflow increased to $2.19 billion. The total capital importation value into Nigeria for Q4 2021 at $2.19 billion made up 32.6% of the total capital importation value of the year.
