By Modupe Gbadeyanka

Out of the about $1.8 billion Nigeria realised from capital importation in the second quarter of 2017, Lagos contributed $1.74 billion to it, representing 97.07 percent.

According to data released this week by the National Bureau of Statistics (NBS), the above figure represents a slight increase in Lagos’ share relative to the previous quarter, which stood at 95.32 percent.

Lagos is the commercial and financial capital of Nigeria, and home to Nigeria’s Stock Exchange where shares are traded.

Also, the NBS said Akwa lbom, as in the previous quarter, recorded the second highest level of capital importation, accounting for 1.92 percent ($34.08 million) of the total share and an increase of 85.6 percent over the amount it recorded in the previous quarter.

Abuja recorded the third highest amount, with a share of 0.93 percent ($16.64 million) of the total, followed by Oyo state with a share of 0.1 percent ($1.83 million).

According to the stats office, a look at the capital importation in Nigeria by country of origin in the period under review showed the United Kingdom accounting for $696.7 million, or 38.87 percent of the total.

This value represents a 130.3 percent increase relative to the previous quarter, and 107.9 percent increase over the same period of last year.

As well as the existence of an historical relationship between the UK and Nigeria, London (the capital of the UK) is also a key financial centre, which explains the high value of capital importation accounted for by the UK.

Since 2010, the UK has accounted for the highest value of capital importation in all but two quarters (both in the second half of 2015).

The country to account for the second largest value of capital importation was the United States.

The US accounted for $287.82 million in the second quarter of 2017, or 16.06 percent. The US has also been one of the most important investors in Nigeria, usually either the largest or second largest investor country.

It also shares a language with Nigeria, it has also been historically the largest economy in the world, and is active in foreign investment globally.

The next two largest investors in the second quarter of 2017 were Belgium (accounting for 15.7 percent) and Singapore (8.67 percent).

https://www.businesspost.ng/2017/08/24/lagos-contributes-97-07-to-nigerias-capital-inflow-in-q2-nbs/

More reason why Lagos is going to be the largest economy in AFRICA.

our brothers from the yeast Aka the developers would not like this

Lagos should by given 13% derivation at will Considering it gangatuan contribution to the nations economy.

Even without Aunty Dieziani in the Country?

Behold.. The biggest landlord in Lagos and beyond

Even without Aunty Dieziani in the Country?

Behold.. The biggest landlord in Lagos and beyond

Lol same as last quater. If lagos takes this much I guess the other states pretty much don't exist. I'm guessing the capital goods going to akwa ibom mainly for oil industry.

Akwa lbom, as in the previous quarter, recorded the second highest level of capital importation, accounting for 1.92 percent ($34.08 million) of the total share and an increase of 85.6 percent over the amount it recorded in the previous quarter.

Lagos and Oyo States again? Na only them?

deomeelo:
More reason why Lagos is going to be the largest economy in AFRICA.

... but Lagos is a subset of Nigeria. But I understand what you mean.

darfay:
our brothers from the yeast Aka the developers would not like this

and you think that it was done by skull mining business

keep on claiming others success
Lagos is a no man's land
Oba of Lagos is just a useless vagabond tout
kiss the truth

darfay:
our brothers from the yeast Aka the developers would not like this

(1)Lagos is dominated by easterners if not more than the indigins (2) If the igbos dont like this i dont think they will have such population there.. stop messing with everything

pezeji:
(1)Lagos is dominated by easterners if not more than the indigins (2) If the igbos dont like this i dont think they will have such population there.. stop messing with everything

EMPTY CHEST BEATING AGAIN!!!!


LIST THOSE EASTERNERS!


GIVE US A RELIABLE DATA!


ABI,WHY ARE YOU PEOPLE LIKE THIS!

victorDanladi:


EMPTY CHEST BEATING AGAIN!!!!


LIST THOSE EASTERNERS!


GIVE US A RELIABLE DATA!


ABI,WHY ARE YOU PEOPLE LIKE THIS!

when i say indigins, am referring to lagosians not an ogun, kwara, ondo, oyo or osun yoruba man/woman residing or visitors of lagos

dipoolowoo:
By Modupe Gbadeyanka

Out of the about $1.8 billion Nigeria realised from capital importation in the second quarter of 2017, Lagos contributed $1.74 billion to it, representing 97.07 percent.

According to data released this week by the National Bureau of Statistics (NBS), the above figure represents a slight increase in Lagos’ share relative to the previous quarter, which stood at 95.32 percent.

Lagos is the commercial and financial capital of Nigeria, and home to Nigeria’s Stock Exchange where shares are traded.

Also, the NBS said Akwa lbom, as in the previous quarter, recorded the second highest level of capital importation, accounting for 1.92 percent ($34.08 million) of the total share and an increase of 85.6 percent over the amount it recorded in the previous quarter.

Abuja recorded the third highest amount, with a share of 0.93 percent ($16.64 million) of the total, followed by Oyo state with a share of 0.1 percent ($1.83 million).

According to the stats office, a look at the capital importation in Nigeria by country of origin in the period under review showed the United Kingdom accounting for $696.7 million, or 38.87 percent of the total.

This value represents a 130.3 percent increase relative to the previous quarter, and 107.9 percent increase over the same period of last year.

As well as the existence of an historical relationship between the UK and Nigeria, London (the capital of the UK) is also a key financial centre, which explains the high value of capital importation accounted for by the UK.

Since 2010, the UK has accounted for the highest value of capital importation in all but two quarters (both in the second half of 2015).

The country to account for the second largest value of capital importation was the United States.

The US accounted for $287.82 million in the second quarter of 2017, or 16.06 percent. The US has also been one of the most important investors in Nigeria, usually either the largest or second largest investor country.

It also shares a language with Nigeria, it has also been historically the largest economy in the world, and is active in foreign investment globally.

The next two largest investors in the second quarter of 2017 were Belgium (accounting for 15.7 percent) and Singapore (8.67 percent).

https://www.businesspost.ng/2017/08/24/lagos-contributes-97-07-to-nigerias-capital-inflow-in-q2-nbs/

yorubas no mans land of LAGOS AND yorubas brown roof, city of IBADAN(OYO STATE).

WHERE IS OUR ANAMBRA?



yIGBO people will be like,this is another ewedu statistics and data from afonja anus

13% percent derivative for lagos PLEASE!

pezeji:
when i say indigins, am referring to lagosians not an ogun, kwara, ondo, oyo or osun yoruba man/woman residing or visitors of lagos

see yIGBO way of thinking.

hausa and fulanis,are they not more than indeginous lagosians too?


your own noise is too much.!

pezeji:
when i say indigins, am referring to lagosians not an ogun, kwara, ondo, oyo or osun yoruba man/woman residing or visitors of lagos

It's funny how ibos are always trying to use primitive divide and conquer tactics on us. Lagos and Yorubas from elsewhere, Yoruba muslim/christians etc. It does not and will not work, try something else losers!

rosebowl01:


It's funny how ibos are always trying to use primitive divide and conquer tactics on us. Lagos and Yorubas from elsewhere, Yoruba muslim/christians etc. It does not and will not work, try something else losers!

can i please see your winners medal?