Election fever drags down foreign investment inflow

Election fever drags down foreign investment inflow

Total foreign capital imported into Nigeria in 2014 summed to USD20.8 billion, lower by USD576.6 million or 2.7 per cent from the USD21.3 billion imported in 2013. The capital import figure represents value of foreign investments in Nigeria’s economy in the period under review. The year’s decline was primarily due to the reduction in the value of capital imported in the fourth quarter of 2014, which was USD4.5 billion, a sharp decline of USD2.04 million or 31.2 per cent from the value of USD6.5 billion recorded in the preceding quarter (Q3. 2014).

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