The Nigerian economy recorded its worst investment inflow in 10 years with the country attracting a total investment of $5.12bn in the 2016 fiscal period.

The $5.12bn investment figure, when compared to the $9.64bn that the economy attracted in 2015, represents a decline of $4.52bn or 46.86 per cent.

The decline was confirmed in the Capital Importation Report, which was released on Wednesday by the National Bureau of Statistics.

There are three major categories of investment that make up the total investment inflow into the country. They are portfolio investment, which attracted $1.81bn in 2016; foreign direct investment, which attracted $1.04bn; and $2.26bn in other investments.

The bureau explained in the report that investor apathy about the Nigerian economy was symptomatic of the economic crisis currently being experienced in the country.

For instance, it said that the weak value of the naira was one of the reasons for the low investment inflow into the country, adding that this affected the level of portfolio investment negatively.

The report stated, “The total value of capital imported into Nigeria in the fourth quarter of 2016 was estimated to be $1.54bn, which represents a decrease of 15 percent relative to the third quarter, and a fall of 0.52 percent relative to the fourth quarter of 2015.

“The level of capital imported was similar in each month of the quarter, but the highest was in December at $555.37m. In the year 2016, capital importation fell by 46.86 per cent from $9.64bn in 2015 to $5.12bn.

“This was the lowest value since the series started in 2007, which reflects the numerous economic challenges that afflicted Nigeria in 2016. The weakening of the naira may have had an impact, as a weaker naira means more can be purchased with each dollar and, therefore, investment projects requiring naira payments cost less in dollar terms.”

The report stated that portfolio investment was the most badly affected investment class in 2016 as it recorded a decline of 69.81 per cent owing to the current market conditions.

It stated that foreign direct investment followed with a decline of 27.83 percent last year.

However, the report stated that other investments recorded a marginal increase of 3.48 percent, adding that the increase in loans was a major reason for the rise.

In terms of country of origin of the investment inflows, the report stated that the country from which Nigeria imported by far the most capital was the United Kingdom, which accounted for $482.89m or 31.18 percent of the total.

It added that since 2010, the UK had accounted for the highest value of capital importation to Nigeria.

This was followed by the Netherlands, which accounted for $296.52m, or 19.14 percent of the total.

http://investorsking.com/investment-inflow-nigeria-drops-10-year-low/

The country keeps sinking to new lows with each passing day yet the dullard is no where to be found whether dead or alive! Rogue president, jinxed country!

It is expected to go lower if this economic uncertainty lingers on. The likes of Femi Adesina will be like "People spreading this kind of news are people that are still pained for losing in the elections"

Afonjas how market

Why buhari is somewhere in london, you would think the man was fully prepared for the job having contested severally and lost, he is now a weakling.

EternalTruths:
Afonjas how market

Oga, we are not talking about investment in hard drugs here.

.

Oj

What you get when you entrust a thriving economy to a dumb herdsman.


Buhari is a lesson for kids that a good education is the ultimate in life.

#whereIsBuharisCertificate.

That's it? I thought it was already worse than that!

The economy is in all time low for the country, coupled with a President that went all out to de-market his country and a team of economic advisers that are always countering their policies..

Who will put his hard earned money into a economy that will mess it up.

And they say we shouldn't protest?

Men and brethren of goodwill

Let's take out time again to blame Jonathan. He is the cause of this.

A round of applause my people .. Another record smashed

Nawao

No sane investor will want to invest in Nigeria.When you have a leader that does not know his left from right.

proeast:
The country keeps sinking to new lows with each passing day yet the dullard is no where to be found whether dead or alive! Rogue president, jinxed country!

we don't need him he should remain there I think the vice president is doing better.

... Hmmmm...
This is serious...

Are we encouraging new investors at all??

https://www.nairaland.com/3604502/4-men-allegedly-raped-11year-old

No thanks to the stewpid n redundant nomad with his sadist/archaic/backward economic policies!
#istandwith2baba
#enough of rawbishness!

Everything is just getting worse with this government... I warned them but they wouldn't listen. wey all those sai baba people, shebi una dey see am so?...God will help us, I still believe in Nigeria. we shall conquer

What do u expect, when our Aboki president has littered the entire country with unfriendly business and investment policies.

Sai Baba!

Buhari is a mistake

Everything is just dropping low,
Nawa o.

I blame luggard abi na whoever dey incharge for giving us independence so early, we were never ready, we were just greedy(maybe not all, but most sha), imagine, 57yrs now, and no improvement whatsoever .

See some nations we senior, at least, they aint doing as bad as we are,

God dey sha

Where is Buhari?

This is terrible.
This government is filled with bad news.


What is the government doing to reverse this trend.



Meanwhile, the coward of a President has disappeared and is no where to be found.

This is what you get when you have an incompetent finance minister, an incompetent Cbn gov and a hypocrite for a president who claims be a saint but it's nothing short of an enabler in corruption

It will keep getting lower as long as dullarkpo remains there with his group of misfit ministers.

That's the implications of having a bad government policy

As it was in 1984, so it is in 2017.... Courtesy of Chief dullard.

Same people are saying they want to enforce reducing In commodity prices, you want them to be selling at a loss price due to your trial and error policy?