Capital imported into Nigeria jumps 37% in 2018

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According to data from the National Bureau of Statistics regarding capital importation in the country, it shows that the total value of capital importation into Nigeria was at $16,812.47 million in 2018 compared to $12,228.57 million capital imported in 2017. This represents 37.49% growth year in the year 2018.

Key Points of the report;

  • The total value of capital importation into Nigeria stood at $2,140.08 million in the fourth quarter of 2018. This represents a decrease of 25.05% compared to Q3 2018 and 60.24% decrease compared to the fourth quarter of 2017.
  • The total value of capital importation into Nigeria stood at $16,812.47 million in 2018 compared to $12,228.57 million capital imported in 2017. This represents 37.49% growth year.
  • The largest amount of capital importation by type was received through Portfolio investment, which accounted for 70.20% ($11.8 billion) of total capital imported.
  • Other Investment, accounted for 22.69% ($3.8 billion) of total capital imported.
  • Foreign Direct Investment FDI, which accounted for 7.11% ($1.1 billion) of total capital imported in 2018.
  • Capital importation by shares, which is closely related to Equity investment (FDI and Portfolio Investment) dominated 2018 reaching $10.4 billion of the total capital imported in 2018.
  • The United Kingdom emerged as the top source of capital investment in Nigeria in 2018 with $6 billion. This accounted for 35.74% of the total capital inflow in 2018.

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