Bureau of Statistics Releases Capital Importation Report

The National Bureau of Statistics has disclosed that the total capital imported in the fourth quarter of 2017 was $5,382.9 million; this was an annual growth of 247.5%, and quarterly growth of 29.9%.

As at the end of 2017, total capital imported into Nigeria was $12,228.6 million, an increase of $7,104.4 million or 138.7% from the figure recorded in 2016, the Voice of Nigeria reports.

The growth in Capital Importation in 2017 was mainly driven by an increase in Portfolio Investment, which went up by $5,516.2 million from the previous year to reach $7,329.1 million in 2017, and accounting for 60% of capital imported.

During the reference quarter total capital imported when compared to the previous quarter increased by $1,237.8 million.