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Nigeria’s Economy Attracted $16.8bn Investment Inflow In 2018 – NBS

Posted by:- || Date:- February 13, 2019 || Time:- 7:31 pm || Under:- Local News || Tags:-


The National Bureau of Statistics on Wednesday released the Capital Importation report for 2018 with the economy attracting a total investment of $16.81bn during the period.

The bureau in the
report stated that 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. Similarly, 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 YoY.

The largest amount of capital importation by
type was received through Portfolio investment, which accounted for
70.20% ($11,802.27m) of total capital importation, followed by Other
Investment, which accounted for 22.69% ($3,815.53m) of total capital,
and the Foreign Direct Investment FDI, which accounted for 7.11%
($1,194.67m) of total capital imported in 2018.

By sector,
Capital importation by shares, which is closely related to Equity
investment (FDI and Portfolio Investment) dominated 2018 reaching
$10,425.18 of the total capital Importation in 2018.

The United
Kingdom emerged as the top source of capital investment in Nigeria in
2018 with $6,007.99 million. This accounted for 35.74% of the total
capital inflow in 2018.


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