African investors contribute only 19.45% of Nigeria’s foreign capital in Q2 2024

Oct. 10, 2024 - Nairametrics

The total foreign capital inflows to Nigeria from African investors (excluding Nigerian contributions) accounted for 19.45% of the total capital importation in the second quarter of 2024.

What does the data sayIn Q2 2024, Nigeria saw significant inflows of foreign capital from African countries, totalling $510.31 million.

Two countries account for majority of the foreign capital in Q2 2024: Mauritius and the Republic of South Africa. Non-African countries lead in foreign capital into NigeriaIn the broader context of foreign capital inflows from other continents, Nigeria continued to see significant investments from traditional partners.

However, when compared to the same period of last year, Nigeria’s capital importation rose by 152.8% from $1.

03 billion to the current figure...