Nigeria’s foreign capital inflow drops by 61% H1 2021

Nigeria’s foreign capital inflow for the first half (H1) of 2021 declined by 61.1 per cent as the country received $2.78 billion as against $7.15 billion received in the corresponding period of 2020.

This is contained in the capital importation report, recently released by the National Bureau of Statistics (NBS) for Q1 and Q2 2021.

The report states that foreign direct investments stood at $232.74 million as against $362.84 million recorded in the corresponding period of the previous year.

Foreign portfolio investment (FPI) stood at $1.53 billion, way lower than the $4.69 billion recorded in H1 2020, while other investments stood at $1.02 billion in the review period.