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Nairaland Forum / Nairaland / General / Politics / Foreign Loans Make Up 78% Of Nigeria’s Capital Importation By Q3 2023 (3420 Views)
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Foreign Loans Make Up 78% Of Nigeria’s Capital Importation By Q3 2023 by sheriffden(m): 11:52pm On Dec 30, 2023 |
Data from the Capital Importation Report for the third quarter of the year shows that approximately 78% of the capital imported into Nigeria comprised foreign loans, amounting to $507.71 million.https://nairametrics.com/2023/12/30/foreign-loans-make-up-78-of-nigerias-capital-importation-by-q3-2023/ 3 Likes
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Re: Foreign Loans Make Up 78% Of Nigeria’s Capital Importation By Q3 2023 by simp4rebel: 9:14am On Dec 31, 2023 |
The high percentage of foreign loans in Nigeria's capital importation is concerning. I hope there is careful management and sustainable repayment strategies. Meanwhile, If anyone is looking for a professional website designer or you know someone that is in need, i'm your guy — we will build you any kind of website for your business at a very budget-friendly rate. check my profile for how to get in touch or to see portfolio or send me an email to get a website quote. 4 Likes 1 Share |
Re: Foreign Loans Make Up 78% Of Nigeria’s Capital Importation By Q3 2023 by oluwaseyi0: 9:14am On Dec 31, 2023 |
Nigeria and loan Imagine Buhari selling future oil that is yet to be extracted and blowing the money on what we don't know, the go ahead on borrowing spree This people really want to burn Nigeria to the ground 4 Likes 1 Share |
Re: Foreign Loans Make Up 78% Of Nigeria’s Capital Importation By Q3 2023 by iwaeda: 9:14am On Dec 31, 2023 |
sheriffden: Nigeria is exporting next to nothing. I remembered years ago, when Doyin Group of companies exports after meeting local markets. Now most FGMC like lever brothers, PZ, P&G, Dunlop are out of the country. Chinese products have flooded our markets. How can we have enough dollars. 4 Likes 1 Share |
Re: Foreign Loans Make Up 78% Of Nigeria’s Capital Importation By Q3 2023 by AqualinaXYZ: 9:15am On Dec 31, 2023 |
I no blame una Na South South I blame for all these While Nnamdi Kanu was busy agitating for Biafra na that time we suppose follow am dey agitate for our own Niger Delta Republic But no the likes of Asari are busy licking Tinubu anus All these loans and excessive debt are all powered & serviced by Niger Delta oil If Niger Delta wasn’t in the picture then for no dey take all these rubbish loans Can’t wait for Niger Delta agitation to start 11 Likes |
Re: Foreign Loans Make Up 78% Of Nigeria’s Capital Importation By Q3 2023 by AqualinaXYZ: 9:15am On Dec 31, 2023 |
joebeckz: God will never give any Mumu Tinubu any vision God had already given us power and sense to choose between good and evil Una go chose evil finish come dey gaslight God to give evil vision Tinubu will crumble 7 Likes 3 Shares |
Re: Foreign Loans Make Up 78% Of Nigeria’s Capital Importation By Q3 2023 by Botragelad: 9:15am On Dec 31, 2023 |
This data shows some fascinating patterns and trends about how Nigeria gets and uses foreign capital. It clearly indicates that the Nigeria is seeing a drop in both the amount and quality of capital inflows, as foreign loans make up most of the capital importation, while FDI is very low. This means that Nigeria is struggling with a lack of foreign exchange (forex) and a low level of investor confidence. I think the reason for the low FDI inflows is the high risk and uncertainty of investing in Nigeria, due to political instability, security issues, corruption, poor infrastructure, and regulatory barriers. There is also the problem of competitiveness and diversification of the Nigerian economy, which is still heavily reliant on oil exports and exposed to external shocks. These factors are detering foreign investors from entering or growing their operations in Nigeria, especially in the non-oil sectors. What if the government steps up its efforts to improve the investment climate and diversify the economy, while also making sure that the foreign loans are used effectively and responsibly. This would help to boost the inflow and impact of FDI and forex. That's my view. 6 Likes 1 Share |
Re: Foreign Loans Make Up 78% Of Nigeria’s Capital Importation By Q3 2023 by Sampianol: 9:15am On Dec 31, 2023 |
shame |
Re: Foreign Loans Make Up 78% Of Nigeria’s Capital Importation By Q3 2023 by Sermwell(m): 9:15am On Dec 31, 2023 |
This loans will favour agbado miscreants and their family Awon werey! 5 Likes 2 Shares |
Re: Foreign Loans Make Up 78% Of Nigeria’s Capital Importation By Q3 2023 by joebeckz(m): 9:16am On Dec 31, 2023 |
I pray that God gives the president the vision to make things work cos the level this country is going. Hmmm. Things seem not to be getting better at all. If you can relocate your family to get a dual citizenship, please do. Don't stay and say u are earning well. As each administration pass over the years, things haven't gotten better but worse. Imagine what it will be like in two decades considering the trend. Is that what you want your kids to experience? If you like stay and be saying, I am earning well. Give your family a chance to have options should things go south. May God help us all 3 Likes 1 Share |
Re: Foreign Loans Make Up 78% Of Nigeria’s Capital Importation By Q3 2023 by Free2Fly: 9:17am On Dec 31, 2023 |
sheriffden: "Also, about a week ago, the Federal Minister of Information and National Orientation, Mohammed Idris, said Tinubu’s overseas trips, have resulted in over $15 billion in Foreign Direct Investment (FDI) pledges across different economic sectors. However, none of these promises have resulted in actual foreign direct investment or foreign portfolio investment". Useless Bala blu government 5 Likes 1 Share |
Re: Foreign Loans Make Up 78% Of Nigeria’s Capital Importation By Q3 2023 by Mannah11: 9:17am On Dec 31, 2023 |
God |
Re: Foreign Loans Make Up 78% Of Nigeria’s Capital Importation By Q3 2023 by RepoMan007: 9:20am On Dec 31, 2023 |
Printandborrow.com/loot/and/invest |
Re: Foreign Loans Make Up 78% Of Nigeria’s Capital Importation By Q3 2023 by tuoyoojo(m): 9:20am On Dec 31, 2023 |
This is why the naira keeps crashing I honestly don't think this government has a solid economic blue print to take this country out of this mess In a few months, this administration would be one year, and I am struggling to find a place where this country has positively impacted the life of the common man 7 Likes 1 Share |
Re: Foreign Loans Make Up 78% Of Nigeria’s Capital Importation By Q3 2023 by Lovenorth: 9:22am On Dec 31, 2023 |
Welcome to jagaban government 1 Like 1 Share |
Re: Foreign Loans Make Up 78% Of Nigeria’s Capital Importation By Q3 2023 by Yankee101: 9:22am On Dec 31, 2023 |
FDI is less than 1% of capital import Nearly zero investors 2 Likes 1 Share |
Re: Foreign Loans Make Up 78% Of Nigeria’s Capital Importation By Q3 2023 by ILoveNG: 9:24am On Dec 31, 2023 |
Omo |
Re: Foreign Loans Make Up 78% Of Nigeria’s Capital Importation By Q3 2023 by RepoMan007: 9:24am On Dec 31, 2023 |
Yankee101:lol. $14b from India is coming. 1 Like |
Re: Foreign Loans Make Up 78% Of Nigeria’s Capital Importation By Q3 2023 by Kingpele(m): 9:27am On Dec 31, 2023 |
Emilakon any one that voted APC at the federal levy in the last election deserve to be in jail for 50 years.because is a criminaloffence against the country to vote in incompetence ..After listening to a video where to tinubu adviced buharia to print more naira notes to reduce inflation..it was clear that this old man has passed his prime...that agbadorians said that tinubu is the one who created lagos and so he will create Nigeria from scratch and now we are here..losing investors up and down ..naira crashing to above 1000 per I dollar...yet agbadorians are hoping against hope that this man is doing well ... 2 Likes |
Re: Foreign Loans Make Up 78% Of Nigeria’s Capital Importation By Q3 2023 by Kitotechd5g55t: 9:27am On Dec 31, 2023 |
K |
Re: Foreign Loans Make Up 78% Of Nigeria’s Capital Importation By Q3 2023 by Bubu4Sea: 9:31am On Dec 31, 2023 |
Is it not better we break this country b4 they sink us all? 1 Like |
Re: Foreign Loans Make Up 78% Of Nigeria’s Capital Importation By Q3 2023 by greenermodels: 9:32am On Dec 31, 2023 |
I seriously doubt that Nigeria would survive 8 years under Tinubu with this level of irresponsible leadership. 3 Likes 1 Share |
Re: Foreign Loans Make Up 78% Of Nigeria’s Capital Importation By Q3 2023 by joebeckz(m): 9:33am On Dec 31, 2023 |
AqualinaXYZ: I didn't support Tinubu. But he's preaodentt. I pray for him to flourish cos it affects me if he fails. I am tired of the high cost of living. That's why I wish anyone in Leadership well. 3 Likes |
Re: Foreign Loans Make Up 78% Of Nigeria’s Capital Importation By Q3 2023 by plaindealer: 9:34am On Dec 31, 2023 |
I laughed when some ignorant mob celebrated Abia's FDI when in fact it was nothing but loan importation. Abia is now the 2nd largest debtor state after Lagos. 2 Likes
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Re: Foreign Loans Make Up 78% Of Nigeria’s Capital Importation By Q3 2023 by Streetdoctor: 9:36am On Dec 31, 2023 |
oluwaseyi0:when Buhari was busy borrowing up and down, north and west were busy hailing and clapping for him |
Re: Foreign Loans Make Up 78% Of Nigeria’s Capital Importation By Q3 2023 by AbuTwins: 9:39am On Dec 31, 2023 |
What's capital importation? |
Re: Foreign Loans Make Up 78% Of Nigeria’s Capital Importation By Q3 2023 by Streetdoctor: 9:39am On Dec 31, 2023 |
plaindealer:Typical yoruba soul, always trying to blame another person. Nigeria is so king under useless Tinubu and u are busy calling Abia, when it gets to Abia will drag their blokos. Hope d 6 billion for car park of legislature go reach ur end? 2 Likes |
Re: Foreign Loans Make Up 78% Of Nigeria’s Capital Importation By Q3 2023 by Krucifax(m): 9:42am On Dec 31, 2023 |
[b]Tinubunomics has failed on arrival. The problem started with the Naira float. They told us it was meant to improve foreign investment. Unfortunately foreign investors did not agree. Then they removed fuel subsidy. They told us it would reduce our expenses and increase forex reserves.They also said it'll free up money for infrastructure investment Unfortunately forex reserves are still in historical decline. Infrastructure like power supply is still abysmal. The removal of the subsidy and floating of Naira has caused hyperinflation. The hyperinflation has thrown millions more Nigerians into poverty and closed thousands of local businesses. The hyperinflation and currency depreciation has caused investors to flee Nigeria. If you invest $1 Million in Nigeria early in the year even after making a profit, your returns will be less than $1 Million after conversion due to Naira depreciation. This is assuming you can even get the dollar out of the country which is another problem. Tinubu supporters point to the Dangote and PH refineries as light at the end of the tunnel. As it in theory should further reduce forex expenses and generate more forex. Which should stabilise the Naira and the economy. This is folly. You only need to take a look at countries like Venezuela to understand that access to refined oil is not necessarily a way out when you have terrible financial managers and the decay of corruption. You see pumping more oil as a strategy has come a couple of decades too late to make much of a difference for Nigeria. Many countries are now moving away from fossil fuels and are embracing sustainable energy. Investors are now more ethical and not putting money into things majority of the world thinks is harming the planet like fossil fuels. Indeed some countries in Europe have started putting bans and deadlines of use to anything that uses fossil fuels from cars to appliances. This means more and more in the future fossil fuels would be irrelevant and countries depending on them would need diversify or go under. The solution is to ramp up the economy and diversify from oil in the long term. Create an environment for investment. Increase exportation of local goods and services for forex. Make good geopolitical decisions that elevates the status of the Naira. To achieve the above Nigerians need to elect the right people to the right places to make the right decisions. Unfortunately the country runs on tribal and religious sentiments. Where people votes for bribes and their kin and on the advice of religious leaders not on merit. For the reasons above the country WILL remain in permanent managed decline with the exception being pockets of economic success in places like Lagos,Abuja,Delta, etc.[/b] |
Re: Foreign Loans Make Up 78% Of Nigeria’s Capital Importation By Q3 2023 by BABANGBALI: 9:43am On Dec 31, 2023 |
They've solded the country January is the best time to pay bride price. that time, most families re broke 🤣 they will accept any amount. update 🤣🚶 1 Like 1 Share |
Re: Foreign Loans Make Up 78% Of Nigeria’s Capital Importation By Q3 2023 by plaindealer: 9:49am On Dec 31, 2023 |
Streetdoctor: Typical ignorant and unintelligent miscreant rubbish. 3 Likes |
Re: Foreign Loans Make Up 78% Of Nigeria’s Capital Importation By Q3 2023 by Nonny95: 10:02am On Dec 31, 2023 |
plaindealer: You're th miscreant. You avoided the topic to mention Abia What's the obsession with you Yorubas with SE? Check the thread, you are the only fuul mentioning state, an Igbo one at that, in a situation that concerns the whole country 6 Likes 1 Share |
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