Insecurity and lingering foreign exchange crisis have forced the capital importation into Nigeria to decline further by 23 percent.

Capital Importation measures the aggregate of foreign investments into an economic entity within a given period. It is divided into portfolio investments, other investments and Foreign Direct Investments.

According to data collated from separate reports by the National Bureau of Statistics, capital inflows into Nigeria in the first and second quarters of 2022 was $3.1bn, while $3.9bn came into the country by way of Capital Importation in the third and fourth quarters of 2021.

This represents an $810.5m decline in foreign investments, and a 23 per cent decline of inflow recorded within the past year.

Also, findings by our correspondent showed that FDI, which refers to substantial investments in an economy beyond portfolio investments (stock market investments) and other investments like trade credits was $760m, only 10 per cent of the capital inflow ($7bn) in the period in review.

Punch