The National Bureau of Statistics on Tuesday released the capital importation report, stating that investment inflows into the country rose by 95.02 per cent from $884.1m in the first quarter of this year to $1.79bn in the second quarter.

The bureau in the report which was made available to our correspondent in Abuja attributed the main driver of the quarterly growth in capital importation in the second quarter to 146.7 per cent increase in Portfolio Investments.

This, it added, was followed by Other Investments, which grew by 95.02 per cent, and then Foreign Direct Investment, which increased by 29.8 per cent over the previous quarter.

It stated, “The total value of capital imported into Nigeria in the second quarter of 2017 was estimated to be $1.792bn. This figure was $884.1m more than the figure recorded in Q1 2017, a growth of 95.02 per cent.

“Year on year, this was an increase of 43.6 per cent from the $1.04bn recorded in Q2 of 2016. A month on month analysis of capital importation in the second quarter shows that the month of May recorded the highest of amount of capital importation ($616.5m), followed by June with $612.6m and May with $563.3m.

“The main driver of the quarterly growth in capital importation in the second quarter was Portfolio Investments, which increased by 145.7 per cent, followed by Other Investments, which grew by 95.02 per cent, and then Foreign Direct Investment, which increased by 29.8 per cent over the previous quarter.”

Portfolio Investment, according to the report was the largest component of imported capital in the second quarter of 2017, and accounted for $770.5m, or 43 per cent respectively of the total.

This was closely followed by Other Investments, which accounted for $747.5m, or 41.7 per cent, and then FDI, which accounted for $274.4 or 15.3 per cent during the quarter.

The NBS report said that the state to import the most capital into Nigeria in the second quarter of 2017 was Lagos, as in all previous quarters.

It added, “Lagos is the commercial and financial capital of Nigeria, and home to Nigeria’s Stock Exchange where shares are traded. As such, it accounts for most of the capital imported into the country.

http://investorsking.com/investment-inflow-nigeria-rises-95-1-7bn-nbs/

rises into their Various pockets, cos am not seeing the effect on the common man

My president is back!

Nation's condemned enemies will never comment on this thread and the damned ones that will comment will shout propaganda.....

KendrickAyomide:
.

Na wa for u o. Developer hian

Imaginary figures everywhere, yet, there is no impact on the common man. Una well done!!!!

badmrkt:
Imaginary figures everywhere, yet, there is no impact on the common man. Una well done!!!!

The impacts are not that fast felt, but if you can be truthful to yourself you will notice a slight improvement in our economy unlike what we experienced late 2015 and 2016. With time you will see the effects more.

badmrkt:
Imaginary figures everywhere, yet, there is no impact on the common man. Una well done!!!!

Theres no impact on your life because you are lazy

All these fake statistics

modelmike7:
My president is back!

Frankly, he just changed beds ..... London -> Abuja

Eddy2cute:
All these fake statistics

post yours!

na so dem don the dish us different figures.. all na wash..

meanwhile,our debt profile the "high" on Ajegunle weed.

even BMC 's no dey feel the vibe..

NaijaOrNothing:


Theres no impact on your life because you are lazy.

that you depend on government for your daily bread doesn't mean everybody is.I know you earn your daily bread from defending ur paymasters in government.

Fake figures. Where is the money coming from? Investment figures increased by 95% and no tangible improvements have been felt thus far. I clap for this country.

iluvpomo:
Frankly, he just changed beds ..... London -> Abuja

Dat one sef dey

Fictitious figures everywhere to distract the gullible ones as usual.

NaijaOrNothing:


Theres no impact on your life because you are lazy

you that's not lazy, how far?

Before some people will have sense, it's too late for them

NaijaOrNothing:


Theres no impact on your life because you are lazy

so easy for you to say and am so sure you must be a student

NaijaOrNothing:


Theres no impact on your life because you are lazy

You that is hardworking. How much do you have in your account?

Well
I think the federal government should concentrate more on investing into Nigeria rather than pumping our reserve into Forex which can never satisfy it's citizen since we tends to import every thing due to the fact that we don't have the quality ones, Demand can't be met and price.


Let's not have reasons to import that much


Check my signature

[quote author=burkingx post=59739934][/quote]BMC doing what they do best even to the detriment of their immediate family members. I honestly salute ur loyalty!!!! Keep defending while ur family members wallow in penury!!!!

[quote author=burkingx post=59739963][/quote] Your case is beyond redeemable. You should cast for the next season of WALKING DEAD because you are a proper Zombie.

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