Capital importation into Nigeria reduced by 23% due to insecurity and the ongoing foreign exchange crisis.
The total amount of foreign investments in a economic entity over a specific time period is measure as financial inflow. Portfolio investments, other investments, and foreign direct investments are the three categories.
The Bureau of National Statistics compile information from several reports that capital inflows into Nigeria total $3.1 billion in the first and second quarters of 2022 and $3.9 billion in the third and fourth quarters of 2021.
This implies a decrease in foreign investments of $810.5 million and a 23% decrease in inflow over the previous year.