The National Bureau of Statistics has said (FDI) Foreign direct investment into Nigeria dropped by $331.2m to $698.78m in 2021, from $1.03bn recorded in 2020.
The NBS report, titled ‘Nigerian capital importation Q4’, further revealed that equity investment of the FDI totaled $692.58m, while other capital was put at $6.2m.
Nigeria recorded $154.6m, $77.97m, $107.81m and $ $358.23m FDIs during the first, second, third and fourth quarters of 2021, respectively.
The report revealed that portfolio investment in the country also fell by $1.75m to $3.39bn in 2021 from $5.14bn recorded in 2020.
It also showed that “Other Investments’ fell by $890m from $3.51tn in 2020 to $2.62tn in 2021.
The NBS report said the total value of capital importation into Nigeria in the fourth quarter of 2021 stood at $2.19bn from $1.73bn in the preceding quarter, indicating an increase of 26.35 per cent.
When compared to the corresponding quarter of 2020, capital importation increased by 109.28 per cent from $1.05bn.
