FDI increases 50% in Q3, Hits $530m


Latest statistics released by the National Bureau of Statistics (NBS), indicate that Nigeria’s Foreign direct investment (FDI) soared by 50.75 percent between July and September 2018.

The FDI increased by $269.28 million from $261.35 million to $530.63 million in the third quarter of 2018.

Foreign portfolio investment (FPI) recorded the largest share of the country’s foreign investment in July, August and September, 2018.

“The total value of capital importation into Nigeria stood at $2,855.21 million in the third quarter of 2018,” NBS said via its capital importation report.

It was, however, not all good, as total foreign investment brought in the country declined by 48.21 percent to $2.855 billion within the period under review, with the US being the biggest investor.

“This was a decrease of 48.21% compared to Q2 2018 and a 31.12% decrease compared to the third quarter of 2017.

“The largest amount of capital importation by type was received through Portfolio investment, which accounted
for 60.5% ($1,723.05m) of total capital importation, followed by Other Investment, which accounted for 21.07%
($601.53m) of total capital, and then Foreign Direct Investment FDI, which accounted for 18.58% ($530.63m) of
total capital imported in the third quarter.

“By sector, Capital importation as shares, which is closely related to Equity investment (FDI and Portfolio
Investment) dominated the third quarter of 2018 reaching $1,667.76 of the total capital Importation in the
quarter.”

The US, UK, and South Africa were the top three source of investment into Nigeria, while Norway, Kenya, and Portugal had the least investment in the country.

“The United States emerged as the top source of capital investment in Nigeria in the third quarter of 2018 with
$911.33 million. This accounted for 31.91% of the total capital inflow in Q3 2018,” NBS said.

The total foreign investment into the country stood at $6.3 billion in the first quarter of 2018.

Meanwhile, the total value of capital importation into Nigeria reduced to 2.855 billion dollars in the third quarter.

This was contained in the NBS’“Nigeria Capital Importation (Q3 2018)’’ report released yesterday, in Abuja.

The figure represents a 48.21 percent decrease compared to the second quarter and 31.12 percent decrease compared to the third quarter of 2017.

The NBS said the largest amount of capital importation by type was received through portfolio investment, which accounted for 60.5 per cent (1.723 billion dollars) of the total capital importation.

“This was followed by other investment, which accounts for 21.07 per cent (601.53 million dollars) of the total capital import in the period under review.

“And then Foreign Direct Investment (FDI) accounts for 18.58 per cent (530.63 million dollars) of the total capital imported in the third quarter.

According to the report, the capital importation as shares by sector, which is closely related to equity investment (FDI and Portfolio investment) dominated the third quarter.

It said the figure amounted to 1.667 billion of the total capital importation in the quarter.

It said the United States emerged as the top source of capital investment in Nigeria in the third quarter.

This, it noted, accounted for 31.91 per cent of the total capital inflow in the period under review.


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