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The report by the National Bureau of Statistics for Capital Importation into Nigeria in the Q1 of 2020 isn’t drastic. The report shows a total inflow value of $5.8 billion. In comparison to stats from the Q1 of 2019 which was $8.51 billion, it is just a lot less than the expectation.
The United Kingdom, South Africa, UAE, Netherlands, and the U.S share in the contribution of the capital inflow according to the report. The Report of the Q1 2020 Capital Importation by NBS further simplifies the capital inflow:
With $4, 309.47 billion that is 73.61 per cent, portfolio investment contributes the most to capital importation in the first quarter of 2020. In expanding the portfolio investment, a total of $3.44 billion was actualised from short-term debts and securities (money market instruments). Equity and bonds investments added $639.72 million and $231.22 million respectively.
The total capital inflows gained from Foreign Direct Investment (FDI) is 3.66 per cent ($214.25 million). 22.73 per cent ($1,330.65 billion) of the total capital importation are from other investments.
From the report, the banking sectors are ahead on all capital investments with Standard Chartered Bank Nigeria on the lead with $1,656.60 million in the Q1 of 2020.
Shares – $817.38 billion (13.96 per cent)
Production -$273.97 billion (4.68 per cent)
Telecoms – $157.48 billion (2.69 per cent)
Over 85 per cent of the total capital inflow in Q1 2020 emerged from Lagos State.
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