During the fourth quarter of 2023 (Q4 2023), Lagos State maintained its position as the leading recipient of capital influx into Nigeria.

This information comes from the latest report published by the Nigerian Bureau of Statistics (NBS) regarding capital importation into Nigeria during Q4 2023.

As per the NBS report, capital inflow into Lagos State totaled $771.68 million during the mentioned period, constituting 65.38% of the total capital influx into Nigeria, which amounted to $1,088.48 billion.

Additionally, the NBS report highlighted that Abuja secured the second position as a destination for capital inflow into Nigeria during Q4 2023, attracting $370.80 million, equivalent to 34.07% of the national capital importation.

Following behind, Rivers state received $6.00 million, accounting for 0.55% of the national capital influx during the same period.


The NBS also noted that total capital importation into Nigeria of $1.088 billion in Q4 2023 slightly surpassed the $1.060 billion recorded in Q4 2022, representing a 2.62% increase.

Compared to the previous quarter, capital importation increased by 66.27%, rising from $654.65 million in Q3 2023.

More insights

In Q4 2023, the NBS report highlighted that Other Investment led in total capital importation, constituting 54.64% ($594.74 million), followed by Portfolio Investment at 28.46% ($309.76 million), and Foreign Direct Investment (FDI) at 16.90% ($183.97 million).

The production/manufacturing sector attracted the highest capital inflow, reaching $450.11 million, accounting for 41.35% of total capital imported in Q4 2023. It was trailed by the banking sector with $283.30 million (26.03%), and financing with $135.59 million (12.46%).

Capital Importation during this period predominantly originated from the United Kingdom, contributing $267.24 million, and holding a share of 24.55%. Following closely were Mauritius with $226.18 million (20.78%) and the Netherlands with $149.93 million (13.77%).

Stanbic IBTC Bank Plc led in receiving capital importation into Nigeria in Q4 2023, securing $499.45 million (45.88%). This was trailed by Citibank Nigeria Limited with $229.06 million (21.04%) and Rand Merchant Bank Plc with $85.85 million (7.89%).

FreeStuffsNG:
As per the NBS report, capital inflow into Lagos State totaled $771.68 million during the mentioned period, constituting 65.38% of the total capital influx into Nigeria, which amounted to $1,088.48 billion.

We thank everyone who made this possible. Lagos is open to investments and assures you of great returns on investment.

If you obey our laws and you love and respect our land, people, culture, you will not have problems in Lagos, Lagos will reward you, bless you and your investments. So bring your investments to Lagos today.

More people are bringing their investments to Lagos. Almost $7 out of every $10 imported into Nigeria lands in Lagos, that's a big statement of fact that more people with real money are investing more in Lagos! Follow those who know the road, don't go lose your money and investment elsewhere

Thank you UK, Netherlands and Mauritius.

Please bring more investments to Lagos.
God bless Nigeria for ever! Check my signature for free stuffs!

RepoMan007:
Even when things went down, you still find something "worthy" of celebrating.

Your thread is like a drowning man celebrating because there are others drowning beneath him. It is like Germany or UK celebrating their size durinvg recession.

I pity the people paying you.

Hezzyluv:
No caps

FreeStuffsNG:
As per the NBS report, capital inflow into Lagos State totaled $771.68 million during the mentioned period, constituting 65.38% of the total capital influx into Nigeria, which amounted to $1,088.48 billion.

We thank everyone who made this possible. Lagos is open to investments and assures you of great returns on investment.

If you obey our laws and you love and respect our land, people, culture, you will not have problems in Lagos, Lagos will reward you, bless you and your investments. So bring your investments to Lagos today.

More people are bringing their investments to Lagos. Almost $7 out of every $10 imported into Nigeria lands in Lagos, that's a big statement of fact that more people with real money are investing more in Lagos! Follow those who know the road, don't go lose your money and investment elsewhere

Thank you UK, Netherlands and Mauritius.

Please bring more investments to Lagos.
God bless Nigeria for ever! Check my signature for free stuffs!

FreeStuffsNG:
Lagos remained top destination of capital importation into Nigeria in Q4 2023 – NBS report
By Caleb Obiowo


https://nairametrics.com/2024/02/18/lagos-remained-top-destination-of-capital-importation-into-nigeria-in-q4-2023-nbs-report/

Umueme:
Lagos is Nigeria's economic capital. News like this aren't surprising to me at least. In nigeria now, Lagos leads others follow





Yes, thank everyone making it possible. As soon as election approaches, you will wanna send them packing if they don't want to vote the criminal you want.

Shame on you lots

Keegan:
Lagos rocks. Eko o ni baje.

Haters will still hate. Na dem palaver be dat.

PHAYOL81:
Good one we are returning back onto the upward trend but the figure posed is still not good enough. For a nation that clamours for manufacturing and production upgrade, we should be doing better than this.


GOD BLESS LAGOS STATE

WE RISE.

merits:

Before nko which state wan dare Lagos with capital importation before,Lagos lead others follow.