The NBS report disclosed that the bulk of FDI in Q2 2024 came from equity investments worth $29.82 million.
FDI accounted for only 1.15% of Nigeria’s total capital importation of $2.
60 billion during the quarter.
Despite the decline in FDI, portfolio investments, and foreign loans, Nigeria’s total capital importation of $2.
60 billion for Q2 2024 reflected a 152.81% year-on-year increase from $1.
03 billion in Q2 2023.
The NBS’s Nigeria Capital Importation stated, “In Q2 2024, total capital importation into Nigeria stood at US$2,604.
50 million, higher than US$1,030.21 million recorded in Q2 2023, indicating an increase of 152.
81%.
“In comparison to the preceding quarter, capital importation declined by 22.
85% from US$3,376.01 million in Q1 2024,” the report said.
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