Capital importation into the country declined by 28.09 percent in the first quarter of 2022, a new report by the National Bureau of Statistics has shown.
Only six states out of 36 states and the federal capital territory , received capital investments in Q1 2022.Lagos state accounted for 71.16 percent of the total capital inflow in Q1 2022. This was followed by other investments with 29.28 percent and foreign direct investment accounted for 9.85 percent of total capital imported in Q1 2022.The highest sectors that received capital investment were banking , production , and financing sector , while consultancy ; IT services ; and construction sectors received the lowest capital investment.
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