Foreign direct investment dropped to $214.25m in Q1 – NBS

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Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Foreign Direct Investment into the country dropped to $214.25m in the first quarter of 2020 from $257.25m in the fourth quarter of 2019.

The National Bureau of Statistics disclosed this in its report on ‘Nigerian capital importation’ for the first quarter of 2020 on Tuesday.

The FDI is an investment made by a firm or individual in one country into business interests located in another country. This represented an increase of 53.97 per cent compared to Q4 2019 and 31.19 per cent decline compared to the first quarter of 2019. This was followed by other investments, which accounted for 22.73 per cent of total capital, and the FDI which accounted for 3.66 per cent of total capital importation in Q1 2020.

 

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Belgique Dernières Nouvelles, Belgique Actualités