FRI 25 MARCH, 2022-theGBJournal| The total value of capital importation into Nigeria in the fourth quarter of 2021 stood at $2,187.63 million from $1,731.37 million in the preceding quarter showing an increase of 26.35%, according to latest National Bureau of Statistics (NBS).
Compared to the corresponding quarter of 2020, capital importation increased by 109.28% from $1,045.32 million. The largest amount of capital importation by type was received through other investment, which accounted for 54.24% ($1,186.53 million).
This was followed by Portfolio Investment with 29.39% ($642.87 million) and Foreign Direct Investment (FDI) amounted to 16.38% ($358.23 million) of total capital imported in Q4 2021.
Disaggregated by Sectors, capital importation into tanning had the highest inflow of $645.59 million amounting to 29.51% of total capital imported in the fourth quarter of 2021. This was followed by capital imported into the Production sector, valued at $360.06 million (16.46%) and the Electricals sector with $325.55 million (14.88%)
Capital Importation by country of origin reveals that Mauritius ranked top as source of capital imported into Nigeria in the fourth quarter of 2021 with a value of $611.45 million, accounting for 27.95%. This was followed by the United States of America and the Republic of South Africa valued at $321.03 million (14.67%) and $285.83 million (13.07%) respectively.
By Destination of Investment, Lagos state remained the top destination in Q4 2021 with $1,983.41 million accounting for 90.66% of total capital investment in Nigeria. This was followed by investment into Abuja (FCT), valued at $170.55 million (7.80%).
Categorization of total capital investment by Bank shows that Eco Bank Plc ranked highest in Q4 2021 with $708.58 million (32.39%) . This was followed by Stanbic IBTC Bank with $453.82 million (20.74%) and Union Bank of Nigeria Plc with 284.60 (13.01%
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