The report on capital importation into the country, compiled by the Central Bank of Nigeria, was released on Friday by the NBS.
The total value of capital inflow for the year fell to $9.7 billion, from $24 billion in 2019, representing a decline of 59.7 per cent. It was the lowest in at least four years. Equities supplied the largest chunk of capital inflows, while the United Kingdom emerged as the top source of capital investment in Nigeria in the year.By destination, Lagos emerged as the top destination of capital investment in Nigeria with $8.3 billion, followed by Abuja, which received $1.3 billion.
Our govs lack economic ideas, all they do is to borrow.
Bandits and Terrorists Herdsmen Are investment a
Not surprisingly considering our present circumstances. Until we set our country in order expecting substantial foreign investments will be a pipe dream.
What?!! No foreign investment to Kogi? Well it their loss. We will invest in our state ourselves.