The National Bureau of Statistics, NBS latest statistics showed that foreign investors have rejected the Nigerian market as capital importation has fallen by 4.08 billion dollars equivalent to 1.68 trillion naira in one year.

The National Bureau of Statistics, NBS latest statistics showed that foreign investors have rejected the Nigerian market as capital importation has fallen by 4.08 billion dollars equivalent to 1.68 trillion naira in one year.

Data from the Bureau indicated that between January and September 2020, total capital importation amounted to 8.55 billion dollars.

However, according to the latest capital importation report by the NBS, during the same period in 2021, foreign capital inflows into the country drop l by 4.08 billion dollars   to 4.47 billion dollars.

A breakdown of the 2020 figures shows that in the first quarter of 2020, capital importation into Nigeria stood at 5.85 billion dollars, representing an increase of 53.97 per cent compared to fourth quarter of 2019.