The National Bureau of Statistics (NBS) has announced that the total value of capital importation into Nigeria was $1.7billion in the third quarter of 2021 (Q3 2021).
According to the bureau’s document titled: “Nigerian Capital Importation Q3 2021,” the capital importation rose by 97.73 per cent from the $875.62 million of the preceding quarter.
NBS noted that the largest amount of capital importation by type was received through portfolio investment.
It accounted for 70.30 per cent ($1,217.21 million) of total capital importation.
The bureau said this was followed by Other Investment, which accounted for 23.47 per cent ($406.35 million).
Foreign Direct Investment (FDI) amounted to 6.23 per cent ($107.81 million) of total capital imported in Q3 2021.
