According to data from the National Bureau of Statistics in its ‘Nigerian Capital Importation’ report, Capital imports into Nigeria decreased by 30.78 percent from $9.68 billion in 2020 to $6.7 billion in 2021.
“This represents a decrease of -54.06 percent compared to Q1 2021 and -32.38 percent decrease compared to Q2 2020. 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 8.90 percent ($77.97m) of total capital imported in Q2 2021.” the report stated.
Furthermore, Mauritius, the United States of America, the Republic of South Africa, and the United Kingdom provided the majority of the capital imported into the country. Likewise, Lagos attracted the majority of the capital coming into the country.