Nigerian economy attracted $16.8bn investment inflow in 2018 – NBS


The National Bureau of Statistics on Wednesday released the Capital Importation report for 2018 with the economy attracting a total investment of $16.81bn during the period.
The bureau in the report stated that the investment inflow of $ 16.81bn for 2018 represents an increase of $ 4.59bn or 37.49 per cent when compared to the $12.22bn attracted in the 2017 fiscal period.
The report explained that the largest amount of capital importation was received through portfolio investment, which accounted for $ 11.8bn or 70 .20 per cent of total investment inflow.
This, it noted, is followed by other Investment, which accounted for $ 3. 81bn or 22 .69 per cent of total capital, while Foreign Direct Investment had $1 .19bn or 7 .11 per cent of total capital imported in 2018.

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