The National Bureau of Statistics on Wednesday released the Capital Importation report for 2018 with the economy attracting a total investment of $16.81bn during the period.
The bureau in the report stated that the investment inflow of $16.81bn for 2018 represents an increase of $4.59bn or 37.49 per cent when compared to the $12.22bn attracted in the 2017 fiscal period.
The report explained that the largest amount of capital importation was received through portfolio investment, which accounted for $11.8bn or 70.20 per cent of total investment inflow.
This, it noted, is followed by Other Investment, which accounted for $3.81bn or 22.69 per cent of total capital, while Foreign Direct Investment had $1.19bn or 7.11 per cent of total capital imported in 2018.
More details later…