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#DailyDataCard: Nigeria’s capital importation falls by 9% in Q2 2023
#DailyDataCard: Nigeria’s capital importation falls by 9% in Q2 2023
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Nigeria records its lowest FDI in nine years
Compared to the previous quarter, the FDI inflow to the country experienced a decline, dropping from $84 million in Q4 2022 to $48 million in Q1 2023. This represents a 43% decrease on a quarter-on-quarter basis.
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Nigeria’s foreign investments slump to $5.3bn, lowest in six years
Capital importation is foreign investments into a nation’s economy and is necessary for economic growth as it enables rapid investment. They are made up of three categories — Portfolio Investment, Foreign Direct Investment (FDI), and Other Investments.
#ChartoftheDay: Top 10 Sectors with the Highest Capital Importation in 2021
Total capital importation in 2021 stands at $6,700 million. The value of total capital importation in Q4 appears to be the highest in 2021 although total capital importation in 2021 decreased by 30.6% compared to 2020 when total capital importation stood at $9,656 million.
Nigeria’s Capital Importation Increased by 26.4% in Q4 2021
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.
#ChartoftheDay: Capital Importation by Sector in Q3 2021
Capital importation totaled $1.73 billion in Q3 2021. Financing ranked highest, bringing in investments worth 469.17 million and making up 27.1% of the total capital importation for Q3 2021.