Follow Us on Google Discover![[OFFICIAL] Foreign Investments into Nigeria drops 54% in one year](https://cdn.nairametrics.com/wp-content/uploads/2015/08/NIgerian-Population.jpg)
The National Bureau of Statistics released its data on Capital Importation into Nigeria for the second quarter of 2015 showing Nigeria attracted a total capital importation of N2.6 trillion basically unchanged from the N2.67 trillion released in the first quarter 2015.
However, the total investment into Nigeria dropped 54% when compared to the N5.8 trillion recorded a year earlier.
As expected, Foreign Portfolio Investments (FPI) made up about 69% of total inflows into the country at N1.8 trillion. FPI inflows also dropped 53% from the N3.8 trillion recorded same period in 2014.
FPI’s typically invest their money in stocks, bonds and other financial market instruments. Capital Importation can be divided into three main investment types: Foreign Direct Investment (FDI), Portfolio Investment and Other Investments, each comprising various subsectors.
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| 2014 | 2015 | ||
| Q2 | Q1 | Q2 | |
| Foreign Direct – Investment – Equity | 461,583,819.00 | 394,555,199.00 | 211,005,704.00 |
| Foreign Direct Investment – Other capital | 11,406,443.00 | 50,940.00 | 129,940.00 |
| Portfolio Investment – Equity | 3,875,352,408.00 | 1,139,382,662.00 | 1,846,078,400.00 |
| Portfolio Investment – Bonds | 731,744,999.00 | 705,118,077.00 | 50,537,040.00 |
| Portfolio Investment – Money market instruments | 310,037,249.00 | 16,144,604.00 | 286,531,094.00 |
| Other Investments – Trade credits | 1,370,109.00 | – | – |
| Other Investments – Loans | 236,990,195.00 | 384,834,757.00 | 153,234,628.00 |
| Other Investments – Currency deposits | – | – | 989,990.00 |
| Other Investments – Other claims | 175,403,387.00 | 31,508,251.00 | 117,848,781.00 |
| TOTAL | 5,803,888,609.00 | 2,671,594,490.00 | 2,666,355,577.00 |
| 5,803,888,609.00 | 2,671,594,49 | 2,666,355,577.00 |
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