INFOGRAPHICS: How Capital Importation Fell In Three Months

 INFOGRAPHICS: How Capital Importation Fell In Three Months

The National Bureau of Statistics reported that the total value of capital importation into Nigeria fell to $875.62 million in the second quarter of 2021.

Between January to March of the same year, Nigeria had a capital importation of $1.91 billion.

The bureau stated that this represented a decrease of 54.06 percent compared to Q1 2021 and a 32.38 percent decrease compared to the second quarter of 2020.

Breakdown Analysis In Infographics

The largest amount of capital importation by type was received through portfolio investment, which accounted for 62.97 percent ($551.37m) of total capital importation followed by Other Investment, which accounted for 28.13 percent ($246.27m) of total capital imported and Foreign Direct Investment, which accounted for 8.9 percent ($77.97m) of total capital imported in Q2, 2021.

By sector, capital importation by banking dominated in Q2, 2021 reaching $296.51m of the total capital importation in Q2, 2021.

By Destination of investment, Lagos State emerged as the top destination of capital investment in Nigeria in Q2 2021 with $780.06m. It accounted for 89.09 percent of the total capital inflow in Q2, 2021.

By Bank, Stanbic IBTC Bank Plc emerged at the top of capital investment in Nigeria in Q2 2021 with $310.21m. It accounted for 35.43 percent of the total capital inflow in Q2 2021.

Kehinde Ogunyale

Freelance Investigative and Data Journalist

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