Nigeria’s capital import drops by 34% in one year

The National Bureau of Statistics on Monday released the capital importation report for the third quarter of this year, with the country recording an increase of 74.84 per cent or $1.82bn in investment inflow from $1.04bn in the second quarter.

The bureau in the report which was made available to our correspondent in Abuja, however, stated that when compared with the inflow in the relative third quarter of 2015, the capital imported into the country represented a decline of 33.7 per cent.

"The total value of capital imported into Nigeria in the third quarter of 2016 was estimated to be $1.82bn, which represents an increase of 74.84 per cent relative to the second quarter," the report added.

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