National Bureau of Statistics (NBS) on Wednesday disclosed that the total value of capital importation into Nigeria stood at $2.140 billion in the fourth quarter of 2018.
This represents a decrease of 25.05 per cent compared to Q3 2018 and 60.24 per cent 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, representing 37.49 per cent growth year-on-year (YoY).
“The largest amount of capital importation by type was received through Portfolio investment, which accounted
for 70.20 percent ($11,802.27m) of total capital importation”.
This was followed by Other Investment, which accounted for 22.69 per cent ($3,815.53m) of total capital, and the Foreign Direct Investment FDI, which accounted for 7.11 per cent ($1,194.67m) of total capital imported in 2018.
By sector, NBS noted that 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 per cent of the total capital inflow in 2018.
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