Nigeria’s foreign investments declines as capital inflow drops – Total foreign investments in Nigeria suffered a huge blow in 2020 as the overall value of capital inflows for the year decreased to $9.7 billion, down from $24 billion in 2019, a 59.7 percent decrease, lowest it has been in at least four years, data from the Nigerian Central Bank on capital importation has shown.
The data also revealed that only seven states and the federal capital territory were able to attract foreign investments in the first quarter of 2021 leaving 29 other states with zero foreign investments in the first quarter of 2021.
The data showed that Lagos, Abuja, Anambra, and Kano got capital imports of $1.58 billion, $318.4 million, $4.1 million, and $2.4 million respectively. Delta, Ogun, Akwa-Ibom, and Kwara also respectively got capital imports of $1 million, $757,187, $737,505, and $229,015.
Reacting to the statistics, a consultant at Covenant University, Dr. Jeremiah Ogaga, said resolving Nigeria’s core macroeconomic vulnerabilities will result in more international investment.
He said, “Foreign investment reflects the foreign sector’s assessment of a country’s economic health. Nobody wants to make foreign investments in a country that lacks currency stability, is unpredictable, and has a high risk of losing money owing to inflationary consequences. Therefore, currency stability, inflation, and security (rule of law) are what would make Nigeria an enticing investment destination for foreign investors.”
!GOOD DAY SIR/MA!
*LAVITA RICCA INVESTMENT PROGRAM*
♦️♦️♦️♦️♦️♦️
♦️♦️♦️♦️♦️♦️
*NO MORE EXCUSES*
1. I don’t have money
2. I can’t talk to people
3. I don’t do stuff like this
4. I’m too Busy
Your excuses may be legit but they won’t improve your Life.
*LAVITA RICCA INVESTMENT PROGRAM* is Fully Registered with CAC. WHICH IS COOPERATE AFFAIR COMMISSION( For those Who Think LAVITA RICCA INVESTMENT is Not Registered)*
*LAVITA RICCA INVESTMENT PROGRAM is a platform network that deal with investing of money just within 45mins you will get back your money double*
CONTACT:- +2349036369810
*LAVITA RICCA INVESTMENT PROGRAM PACKAGE’S*
N20,000——N40,000
N40,000——N80,000
N50,000——N100,000
N100,000—–N200,000
N150,000—–N350,000
N300,000—–N600,000
N200,000—–N400,000
N400,000—–N800,000
N500,000—–N1,000,000
*==============*
*I know you are skeptical about this because of the negative experience a lot of issues as regards scamming in the global world. I assure you 101% that you won’t lose your money this is because I know the risk of this profit oriented business and I know how to avoid them using my trading skills and signals to make only wins and no losses.*
https://wa.me/2349036369810?text=Hello%20Ma%20I'm%20interested%20in%20this%20platform%20How%20can%20I%20join%3F
*Are u a worker?*
♊ *Are u a student looking for your school fees? Are u a woman looking for money to pay your children school fees?*
♊ *Are u jobless and u need where u can make source of income?*
♊ *LAVITA RICCA INVESTMENT PROGRAM is here for you! With a little amount u can earn and make more more source of income without any problems*
♊ *LAVITA RICCA INVESTMENT PROGRAM is a platform network that deal with investing of money just within 45mins you will get back your money double*
*Thank you for your time you can click on the link below to get started, please only serious minded People are expected to message the administrator.*..
CONTACT NAME Mrs. ELIZABETH TINA
CONTACT:- 09036369810