We recently published a report on Nigeria’s Capital Importation for the second quarter of 2023. The report shows the current trajectory of foreign investment inflows into the country and our outlook for capital importation in the remaining quarters of the year.
DATA ON CAPITAL IMPORTATION
Recently, the National Bureau of Statistics published its Capital Importation data for Q2:2023. On a year-on-year (YoY) basis, total Capital Imported dipped by 32.90% to USD1.03bn in Q2:2023 compared to USD1.16bn imported in Q2:2022. This reflects significant decline in two of its major components, Foreign Direct Investment (-41.54% YoY to USD86.03mn) and Foreign Portfolio Investment (-85.89% YoY to USD106.85). However, its third component, Other Investment (+32.73% YoY to USD837.34mn) increased in the period.
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