Nigeria’s Capital Import Drops 51% In Q4 2022

Latest capital importation data just released by the National Bureau of Statistics (NBS) showed that the amount of investment into the country was on a steady decline as it dropped by 33.02 per cent in the third quarter of 2022 and 51.51 per cent in the last quarter of last year.

According to the data just released by the NBS, capital importation to the country which had dropped to $1.159 billion in Q3 further declined to $1.06 billion by the end of December 2022.

This represents a 33.02 and 51.51 per cent decline in 2022 Q3 and Q4 compared to the inflow in the comparable period of 2021.

In the Q3 of 2021, the country had recorded a capital importation of $1.731 billion which had further improved to $2.187 billion for the last quarter of 2021. In the second quarter of last year, the country had recorded a capital importation of $1.535 billion, signifying a decline in investments.