SOUTH AFRICA, UK ACCOUNT FOR 65% OF NIGERIA’S CAPITAL INFLOW IN 2021

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South Africa leads in highest percentage of Nigeria's capital inflow in 2021
South Africa leads in highest percentage of Nigeria's capital inflow in 2021

According to the National Bureau of Statistics’ Capital Importation report for Q3 2021, between January and September 2021, the United Kingdom and South Africa topped the list of source nations for Nigeria’s capital inflows, accounting for 64.9 percent of the total capital importation recorded by Nigeria during the period under review.

Nigeria received $4.51 billion in capital inflows during the first nine months of 2021, a 48 percent decrease from the $4.61 billion received during the same period in 2020. Capital imports decreased by 78 percent compared to the pre-pandemic era, with $20.19 billion reported in the same period of 2019.

By destination of investment, the NBS said Lagos remained the top destination of capital investment in Nigeria in the quarter with $1.481 billion, accounting for 85.57 per cent of total capital investment in Nigeria in the period under review. This was followed by investment into Abuja (FCT) valued at 249.19 million dollars (14.39 per cent).

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