The total value of capital importation into Nigeria stood at $1,461.49m in the third quarter of 2020. This represents an increase of 12.86% compared to Q2 2020 and -74.03% decrease compared to the third quarter of 2019.

The largest amount of capital importation by type was received through Other investment, which accounted for 43.75% ($639.44m) of total capital importation, followed by Foreign Direct Investment (FDI), which accounted for 28.38% ($414.79m) of total capital imported and Portfolio Investment which accounted for 27.87% ($407.25m) of total capital imported in Q3 2020.

Sector

Capital importation by Production dominated in Q3 2020 reaching $400.09m of the total capital importation in Q3 2020.

Source of capital investment

The United Kingdom emerged as the top source of capital investment in Nigeria in Q3 2020 with $594.65m. This accounted for 40.69% of the total capital inflow in Q3 2020.

Destination of Investment

Lagos state emerged as the top destination of capital investment in Nigeria in Q3 2020 with $1,208.74m. This accounted for 82.71% of the total capital inflow in Q3 2020.

Bank (capital investment)

Standard Chartered Bank Nigeria Limited emerged at the top of capital investment in Nigeria in Q3 2020 with $438.98m. This accounted for 30.04% of the total capital inflow in Q3 2020

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https://brandspurng.com/2020/12/15/capital-importation-into-nigeria-up-by-12-86-percent-to-1461-49m-in-q3-2020-nbs/

Yeah

Ok

Alright... good one

We need to reduce importation

Hnmm, even with high exchange rate people still dey import? Nigerians never learn anything, money still boku for Una pocket

The guy below me has something to say

These guys should keep deceiving themselves.
Capital importation my foot!
Go to foreign embassies and see brain drain in action. This covid-19 save this country sha, if not millions would have left in 2020 alone.
Capital Importation! this one pain me sha, clear lies. Capital importation and you can't revitalize our refineries or at least give out crude oil refining license to those local boys in the creeks and standardize them to meet up with our demands, but we run to Niger republic that has a combined refining capability of only 25,000barrels a day to import refined products.
You talk about capital importation, what about capital exportation?
What was our Forign exchange loss during that same time frame compared to earlier?
What is the state of our Foreign Reserves?
What is our current debt profile as a country?
Why are we in a new recession (don't give me the covid-19 excuse it's getting old)?


Infact this country taya person.

Shey dem still dey import rice ?

Why dey thing still go up?

Abeg i need explanation

Honestly the figures are nothing to jubilate about considering the huge investments in other smaller African countries like Ghana, Kenya, and Ethiopia, not to talk of SA. It's a long way to go. Buhari cannot attract any meaningful investment into the country as of now. Wait till Nigeria gets a leader that can make a difference!!

Wahala de!

tamdun:
Hnmm, even with high exchange rate people still dey import? Nigerians never learn anything, money still boku for Una pocket

Capital Importation means dollars attracted to the country or imported to the country through Foreign Direct Investment FDi and others

To the economist here, is this thread talking about the amount of Capital/ cash people brought into Nigeria? Not the yeye regular importation of Toothpick Nd biro that many nairalanders are assuming

I don’t think it has to do goods importation. CAPITAL importation in plain English sounds like importing money into the country which should be a good thing but this amount seems so poor

tamdun:
Hnmm, even with high exchange rate people still dey import? Nigerians never learn anything, money still boku for Una pocket

98% of Nigerian graduates are economics illiterates, see how people above me are mistaking capital importation for something else.

tamdun:
Hnmm, even with high exchange rate people still dey import? Nigerians never learn anything, money still boku for Una pocket

Calm down bro,no be everything be bad news

Interesting

Sirjamo:
98% of Nigerian graduates are economics illiterates, see how people above me are mistaking capital importation for something else.

It's unbelievable!Some certificates aren't worth the paper they're printed on.

shey u wanna gonna importation from china and you dont know the way beep me up with my signature below

tamdun:
Hnmm, even with high exchange rate people still dey import? Nigerians never learn anything, money still boku for Una pocket

It's not importation of goods... its refers to the attraction of foreign currency investment ( of different type)

98% of Nigerian graduates are economics illiterates, see how people above me are mistaking capital importation for something else.

CzarChris:
These guys should keep deceiving themselves.
Capital importation my foot!
Go to foreign embassies and see brain drain in action. This covid-19 save this country sha, if not millions would have left in 2020 alone.
Capital Importation! this one pain me sha, clear lies. Capital importation and you can't revitalize our refineries or at least give out crude oil refining license to those local boys in the creeks and standardize them to meet up with our demands, but we run to Niger republic that has a combined refining capability of only 25,000barrels a day to import refined products.
You talk about capital importation, what about capital exportation?
What was our Forign exchange loss during that same time frame compared to earlier?
What is the state of our Foreign Reserves?
What is our current debt profile as a country?
Why are we in a new recession (don't give me the covid-19 excuse it's getting old)?


Infact this country taya person.

kill yourself.

Who else doesn't know what is the picture posted by the op?

CzarChris:
These guys should keep deceiving themselves.
Capital importation my foot!
Go to foreign embassies and see brain drain in action. This covid-19 save this country sha, if not millions would have left in 2020 alone.
Capital Importation! this one pain me sha, clear lies. Capital importation and you can't revitalize our refineries or at least give out crude oil refining license to those local boys in the creeks and standardize them to meet up with our demands, but we run to Niger republic that has a combined refining capability of only 25,000barrels a day to import refined products.
You talk about capital importation, what about capital exportation?
What was our Forign exchange loss during that same time frame compared to earlier?
What is the state of our Foreign Reserves?
What is our current debt profile as a country?
Why are we in a new recession (don't give me the covid-19 excuse it's getting old)?


Infact this country taya person.

I doubt if you read the article let alone comprehended it; I doubt if you even know what capital importation is all about; because if you did, then you wouldn't be advertising your ignorance and bigotry with that bullcrap you wrote.

Miracle1991:
kill yourself.

Thank you, but you first.

NaMeAboki:


I doubt if you read the article let alone comprehended it; I doubt if you even know what capital importation is all about; because if you did, then you wouldn't be advertising your ignorance and bigotry with that bullcrap you wrote.

Thank you for the insults sir, but since you prefer to be fed false information, all i can say is carry on.
BTW, I wonder what bigotry has got to do with my comments? I simply gave a rather raw reality of what's on ground, we spent 700billion naira in the last quarter on fuel importation alone(total import for the Q3 of 2020 is about 5.3trillion naira) and you expect me to celebrate making $438m in "capital investments" which translates to about 205billion naira in income for the same quarter? Please forgive me if I refuse to celebrate mediocrity.

Thank you.

The FG is talking about capital importation, while manufacturers can't even have access to raw materials bah? Okay continue, but this is the link to the thread here on nairaland.
https://www.nairaland.com/6314964/more-firms-shut-down-2021


cc:NaMeAboki
Miracle 1991



Thank you.

CzarChris:
Thank you for the insults sir, but since you prefer to be fed false information, all i can say is carry on.
BTW, I wonder what bigotry has got to do with my comments? I simply gave a rather raw reality of what's on ground, we spent 700billion naira in the last quarter on fuel importation alone(total import for the Q3 of 2020 is about 5.3trillion naira) and you expect me to celebrate making $438m in "capital investments" which translates to about 205billion naira in income for the same quarter? Please forgive me if I refuse to celebrate mediocrity.

Thank you.

We are talking about inflow of capital investment which could only mean increased confidence by foreigners to invest in our economy - it must mean we are doing something right; even if the benefits are yet to come to fruition.

Your earlier comments suggests you were clearly out of your depth and not in tandem with the issue at hand - imagine suggesting capital exportation, lol!

CzarChris:
The FG is talking about capital importation, while manufacturers can't even have access to raw materials bah? Okay continue, but this is the link to the thread here on nairaland.
https://www.nairaland.com/6314964/more-firms-shut-down-2021

cc:NaMeAboki
Miracle 1991
Thank you.

My friend, we are talking about direct and indirect foreign investment, in this case mainly from UK to Lagos and not about lack of liquidity of forex for importation of raw materials - which in any case may even alleviate the situation.
Pls try and read the article and understand it thoroughly before commenting - also try google to supplement your knowledge on the matter - it is not guess work, pls.

NaMeAboki:


We are talking about inflow of capital investment which could only mean increased confidence by foreigners to invest in our economy - it must mean we are doing something right; even if the benefits are yet to come to fruition.

Your earlier comments suggests you were clearly out of your depth and not in tandem with the issue at hand - imagine suggesting capital exportation, lol!

Forgive me, but what is brain drain? Is that not human capital exportation? Do you know how many Nigerian companies that are moving to other African countries? What do you call exporting crude oil from Nigeria to Niger Republic and importing refined products from same Niger?
I hail you sir, you are super enlightened.

CzarChris:
Forgive me, but what is brain drain? Is that not human capital exportation? Do you know how many Nigerian companies that are moving to other African countries? What do you call exporting crude oil from Nigeria to Niger Republic and importing refined products from same Niger?
I hail you sir, you are super enlightened.

I am afraid you are clutching at straws in order to justify your initial blunder and consequently arguing incoherently.

Yes indeed, there are many things wrong and more things that we can do to improve with our economy; however, the central issue at hand is about the inflow of monetary capital (Capital Importation) through direct and indirect foreign investments into our economy and NOT about the outflow of human capital in terms of the alleged brain drain which you mentioned (even though they may be related and integral to the economy but not exactly the same thing) - which in its self is not entirely a bad thing; because Nigeria is currently earning billions in terms of forex repatriation from its citizens in the diaspora; in fact there are many economies like India etc benefitting tremendously from such exports.

I am aware of a proposal to import crude from Niger to supply the Kaduna refinery in the light of southern militant bombings and sabotage of pipelines at the earlier part of this administration; however, what is currently on the table is the importation of refined products from the same country in order to bridge the present shortfalls.

Again, I do not see anything wrong in enhancing mutually beneficent trade, in both refined and crude oil, between us and our immediate neighbour Niger; much in the same manner as we go about to more distant countries to achieve the same results, at even more cost - in terms of (turn around) time and transportation (landing cost) etc.

I think you are apparently basing your judgement out of sentiment rather than common sense.