The National Bureau of Statistics (NBS) has reported that the total value of capital importation into Nigeria declined to $875.62million in the second quarter of 2021 from $1,905.89million in the first quarter of 2021.<\/p>\n\n\n\n
This represents a decrease of -54.06 per cent compared to Q1 2021 and -32.38 per cent decrease compared to the second quarter of 2020.<\/p>\n\n\n\n
The National Bureau of Statistics (NBS) made this known in its document entitled: \u201cNigerian Capital Importation \u2013 Q1 & Q2 202.\u201d<\/p>\n\n\n\n
The data added: \u201cBy Destination of Investment, Lagos state emerged as the top destination of capital investment in Nigeria in Q2 2021 with $780.06million. This accounted for 89.09 per cent of the total capital inflow in Q2 2021.\u201d<\/p>\n\n\n\n
The document noted that the largest amount of capital importation by type was received through Portfolio investment, which accounted for 62.97 per cent ($551.37million) of total capital importation, followed by Other Investment, which accounted for 28.13 per cent ($246.27million) of total capital imported and Foreign Direct Investment (FDI), which accounted for 8.90 per cent ($77.97million) of total capital imported in Q2 2021.<\/p>\n\n\n\n