According to a statement obtained from NBS website, when compared to the corresponding quarter of 2020, capital importation increased by 109.28 per cent from $1,045.32 million.
The largest amount of capital importation by type, the statement further explained, was received through Other Investment, which accounted for 54.24 per cent ($1,186.53 million).
This was followed by Portfolio Investment with 29.39 per cent ($642.87 million) and Foreign Direct Investment (FDI) amounted to 16.38 per cent ($358.23 million) of total capital imported in Q4 2021.
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 per cent. This was followed by the United States of America and the Republic of South Africa valued at $321.03 million (14.67 per cent) and $285.83 million (13.07 per cent) respectively” the statement also noted.