Nigeria’s multi-billion naira incentives fail to inspire investments
Nigeria’s FDI figure rose to its highest level of $414.8 million in Q3 of 2020, comprising 28.3 percent of the total capital importation for the quarter.
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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.