Nigeria’s Foreign Direct Investment (FDI) for the second quarter of 2024 has dropped to $29.83 million, marking the lowest level recorded based on available data up to 2013.
The FDI figure represents a steep decline of 65.33% compared to the $86.
03 million recorded in Q2 2023.
The majority of the FDI in Q2 2024 came from equity investment, amounting to $29.
82 million.
The other component of FDI, classified as “Other Capital,” recorded a minimal inflow of $0.
0085 million in Q2 2024.
The loans category recorded an inflow of $1.
15 billion in Q2 2024, reflecting a 74.98% decrease from $4.
60 billion in Q1 2024...
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