Data released by the National Bureau of Statistics has revealed that capital importation into Nigeria fell by 30.78%. The capital importation as of 2020 was estimated at $9.68bn and dropped to $6.7bn in 2021.
According to the NBS Nigerian Capital Importation report for the first and second quarter of 2021, it shows that the total value of capital importation into Nigeria declined to $875.62m in the second quarter of 2021 from $1.91bn in Q1 2021.
According to the report, capital importation during the third quarter was at $1.73bn with the largest amount of capital importation.
In the fourth quarter, the total value of capital importation into Nigeria in Q4, 2021 stood at $2.19bn from $1.73m in the preceding quarter showing an increase of 26.35%, the NBS added.
The NBS further stated that most of the capital imported into the nation was from Mauritius, United States of America, Republic of South Africa, and the United Kingdom. Lagos state attracted most of the capital being imported into the nation.
