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Research Document: Capital Importation Alert 2022 - Q1


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Posted Mon, Jun 6, 2022 3:15 PM

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According to the National Bureau of Statistics (NBS), foreign investment inflows into Nigeria fell by 17.5% (year-on[1]year) to US$1.6 billion in the first quarter of 2022 from US$1.9 billion in the corresponding period of 2021. This also represents a decline of 28.1% (quarter-on-quarter) when compared with US$2.2 billion recorded in 2021Q4. Foreign investment inflows into Nigeria declined despite the waning economic impact of the COVID-19 pandemic and the uptick in global commodity prices in 2022Q1. This reflects the declining investors’ confidence in the Nigerian economy as illiquidity in the foreign exchange market persists, real returns on investment remains negative and structural rigidity continues to constrain domestic crude oil production.

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All text, graphics, audio files, code, downloadable material, and other works on this web site are the copyrighted works of the Nigerian Economic Summit Group (NESG).