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Nigeria s Capital importation declines by $14 31bn in 2020- NBS

By Folasade Akpan Abuja, Feb. 5, 2021 (NAN) The total value of capital importation in 2020 stood at 9.68 billion dollars compared to 23.99 billion dollars recorded in 2019. The National Bureau of Statistics (NBS) said this in its “Nigerian Capital Importation, Quarter Four (Q4), 2020” report on its website on Friday in Abuja. The figure reduced by 14.31 billion dollars, represented a decline of -59.65 per cent. It also said that the total value of capital importation into Nigeria in fourth quarter stood at 1.06 billion dollars, representing a decrease of -26.81 per cent compared to third quarter which had 1.46 billion dollars. The bureau, however, said that the figure showed a decrease of -71.87 per cent when compared to fourth quarter 2019 which had 3.802 billion dollars.

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