Nigeria’s capital importation steadies at $2.140bn in Q4 2018 ― NBS
Motolani Oseni
The total value of capital importation into Nigeria in the fourth quarter of 2018, stood at $2.140 billion, representing a decrease of 25.05 per cent compared to Q3 2018 and 60.24 per cent decrease compared to the fourth quarter of 2017, latest figures from the National Bureau of Statistics (NBS) on Wednesday revealed. Also, the total value of capital importation into Nigeria stood at $16,812.47 million in 2018 compared to $12,228.57 million capital imported in 2017, representing 37.49 per cent growth year-on-year (YoY). The statistics office new figures showed that the largest amount of capital importation by type was received through Portfolio investment, which accounted for 70.20 per cent ($11,802.27m) of total capital importation.” This was followed by Other Investment, which accounted for 22.69 per cent ($3,815.53m) of total capital, and the Foreign Direct Investment FDI, which accounted for 7.11 per cent ($1,194.67m) of total capital imported in 2018. By sector, NBS noted that Capital importation by shares, which is close, related to Equity investment (FDI and Portfolio Investment) dominated 2018 reaching $10,425.18 of the total capital Importation in 2018. The United Kingdom emerged as the top source of capital investment in Nigeria in 2018 with $6,007.99 million. This accounted for 35.74 per cent of the total capital inflow in 2018.
