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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