₦airaland Forum

Nigeria’s oil and gas sector recorded zero foreign capital investments in the first quarter of 2024 amid the crisis.


This is according to the National Bureau of Statistics Nigeria’s Capital Importation data for Q1.

Meanwhile, other sectors saw the country’s capital import rose by 210 percent to 3,376.01 million from $1,132.65 million recorded in Q1 2023.


This coming despite the oil and gas sector being Nigeria’s main source of revenue.

Further analysis showed that in the period under review, the Africa Largest Oil Producer failed to attract Foreign Direct Investment, and portfolio investment in the oil and gas industry such as investments in financial assets like stocks, bonds, and securities.

Meanwhile, the banking sector received the highest capital importation to Nigeria in the period.


This coming despite the oil and gas sector being Nigeria’s main source of revenue.

Further analysis showed that in the period under review, the Africa Largest Oil Producer failed to attract Foreign Direct Investment, and portfolio investment in the oil and gas industry such as investments in financial assets like stocks, bonds, and securities.

Meanwhile, the banking sector received the highest capital importation to Nigeria in the period.




https://dailypost.ng/2024/07/29/nigeria-records-zero-foreign-capital-investment-in-q1-2024-nbs/

No waaayyy!!!!!!
You mean zero like zero. Wow.




Tinubu needs to recruit 50 million youths into the army and feed them yam, corn, agbado

Now the cluelessbess is getting stronger. They have steal soteh they don't even know how to generate or attract FDI despite wasting billions in estacodes chasing illusory foreign investors.

This the effects of the Tinubu’s balabloo-blu-bulava tinibulation and tribulation gbajue first class certificate forging disaster. Brace for more impact Nigerians

Later that stupid minister in the government and hoardes of zombies defending this curse of a government will start telling sane people the stats are no reflective of the reality of life with the Nigerian economy today

And they said nobody should say anything or protest
Tor oh
Nigeria, giant for mouth but dwarf for action

Misleading headline, the content talks about zero inflows in the oil and gas meanwhile capital inflows in the other sectors rose by 210%. It's not surprising as IOCs are divesting from onshore into offshore, which has in turn afforded our local investors the opportunity to acquire the onshore assets of the IOCs.
I hope Moderators are taking notes of paid propagandists trying to misinform the gullible, unsuspecting and semi literates public. Enemies of the state have no room in our space.

-Kiss the truth!

GOOD, we dont need oil anymore, government shuld look elsewhere and invest in different economic sectors if it wants revenue

The headline and the content are two different things....

Nlfpmod, this is their own record.

CilicMarin:
The headline and the content are two different things....

This coming despite the oil and gas sector being Nigeria’s main source of revenue.

Who will risk his money in this country government of disaster and Calamity ?

Charleys:
No waaayyy!!!!!!
You mean zero like zero. Wow.




Tinubu needs to recruit 50 million youths into the army and feed them yam, corn, agbado

That is his only economic plan but e go be from his region

This guy carry better curse for head!!!

What other indicator do we need to confirm the failure of this government.

Na wah o.

What's happening

How dem go come

Economic environment is not friendly and the friendly investors are pulling out.

The way we treat our Local Investor is scary

When Government tells you they working on ease of doing business, its a way of just telling you to allow its tenure to pass by

Nothing concern me with Nigeria matter again, it was expected. I am more bothered about the poorly constructed article which looks like it was put together by a free AI bot

COMRADES, somebody who was trained by El Chapo Gruzman in the 80s, do you expect anything positive from him?

Melagros:
COMRADES, somebody who was trained by El Chapo Gruzman in the 80s, do you expect anything positive from him?

RZArecta:
Nothing concern me with Nigeria matter again, it was expected. I am more bothered about the poorly constructed article which looks like it was out together by a free AI bot

Supporters of the Pandora Criminal did not care when we were recording foreign investment, now they are lamenting. Enemies of progress, only bad news sweet their souls.

Charleys:
No waaayyy!!!!!!
You mean zero like zero. Wow.




Tinubu needs to recruit 50 million youths into the army and feed them yam, corn, agbado

Yes, zero in the oil and gas sector

Suffering in Tinubu administration is unbearable. Too much hunger in the land

Subsidy is gone!!!

>>>>>>>>To Malta!!!!

They had to quickly align with Dangote as He touched a nerve and was ready for mud play.

Oilwell:
Subsidy is gone!!!

>>>>>>>>To Malta!!!!

They had to quickly align with Dangote as He touch a nerve and was ready for mud play.

Steve Harvey

TimeManager:
Misleading headline, the content talks about zero inflows in the oil and gas meanwhile capital inflows in the other sectors rose by 210%. It's not surprising as IOCs are divesting from onshore into offshore, which has in turn afforded our local investors the opportunity to acquire the onshore assets of the IOCs.
I hope Moderators are taking notes of paid propagandists trying to misinform the gullible, unsuspecting and semi literates public. Enemies of the state have no room in our space.

-Kiss the truth!

You guys did this for Buhari for 8 years only to blame him for everything wrong with Nigeria AFTER he left office
Continue

Kukutente23:
You guys did this for Buhari for 8 years only to blame him for everything wrong with Nigeria AFTER he left office
Continue

They think they are wiser and more patriotic than everyone of us.

Such a thing has never been heard before. If I am wrong, educate me.

Who wants to invest in a country where an illegimate head was heard speaking about roasted electricity with a down payment & finished it up with balablu bulaba

I mean if you were an Investor will you invest your hard earned money in a country where a mandate thief was heard saying " na statistics we go chop"

I have been asking those who understand the language their messiah is speaking to list just one acheivement of Tinubu maladministration

One miscreant said LGA autonomy Something that has raised concern, controversy & condemnation can never be an acheivement even going against the constitution of federalism.

Chai

DatNiggaDaz:


Such a thing has never been heard before. If I am wrong, educate me.

Who wants to invest in a country where an illegimate head was heard speaking about roasted electricity with a down payment & finished it up with balablu bulaba

I mean if you were an Investor will you invest your hard earned money in a country where a mandate thief was heard saying " na statistics we go chop"

I have been asking those who understand the language their messiah is speaking to list just one acheivement of Tinubu maladministration

One miscreant said LGA autonomy Something that has raised concern, controversy & condemnation can never be an acheivement even going against the constitution of federalism.

Chai

DatNiggaDaz:


Such a thing has never been heard before. If I am wrong, educate me.

Who wants to invest in a country where an illegimate head was heard speaking about roasted electricity with a down payment & finished it up with balablu bulaba

I mean if you were an Investor will you invest your hard earned money in a country where a mandate thief was heard saying " na statistics we go chop"

I have been asking those who understand the language their messiah is speaking to list just one acheivement of Tinubu maladministration

One miscreant said LGA autonomy Something that has raised concern, controversy & condemnation can never be an acheivement even going against the constitution of federalism.

Chai

chai