Foreign Direct Investment (FDI) into Nigeria declined by 70.06% quarter-on-quarter to $126.29 million in Q1 2025, down from $421.88 million in Q4 2024, according to the latest Capital Importation report released by the National Bureau of Statistics (NBS).
Nigeria’s capital inflow dropped to $1.63 billion in November 2024, reflecting a 13.8% decline from October’s $1.89 billion.
The Nigerian telecom sector has seen an improvement in foreign direct investments this year as it attracted a total of $304 million in the first six months of this year.
Nigeria’s foreign capital inflow has decreased to $770 million in the fourth month of 2024.
Nigeria attracted a sum of $1.54 billion as capital inflows in the second quarter of 2022, an increase of 75.34% compared to $875.62 million recorded in 2021.
Nigeria attracted a total of $1.57 billion in capital inflows in the first quarter of 2022, falling by 28.1% compared to $2.19 billion recorded in the previous quarter.
Nigeria recorded a sum of $6.7 billion as capital inflows from foreign countries in 2021, dropping by 31% compared to the $9.7 billion received in the previous year.
The United Kingdom and South Africa led the list of source countries for Nigeria’s capital inflows between January...
Foreign portfolio investments into Nigeria recorded a 77.4% year-on-year decline in Q1 2021 to stand at $974.1 million.
26 states of the Nigerian federation failed to attract investments in the whole of 2020.
The latest NBS capital importation report has disclosed that Nigeria received $9.68 billion from capital inflows in 2020
To continue with the development drive in Africa, Chairman of United Bank for Africa Plc (UBA), Tony Elumelu has reiterated the need for more global capital into the continent. He stated to actualise the ideas and innovations of Africans, massive capital investment is needed.
