UK top list of countries with foreign investment Into Nigeria [FULL LIST]

The National Bureau of Statistics (NBS) has revealed that in the first six months of 2022(January to June), the Nigerian economy recorded a foreign investment of $3.1bn from 45 countries. NBS disclosed this in its second-quarter capital importation report, which Legit.ng obtained from its website.

According to the report, foreign funds into the country totalled $1.573 billion in the first quarter (January to March), and $1.535 billion in the second quarter(March to June). Read more:

In the first quarter, NBS reveals that the United Kingdom ranked top as Nigeria’s source of foreign investment, with a value of US$1.02bn, accounting for 64.92%.

This was followed by the Republic of South Africa and the United States of America, valued at US$117.50 million (7.47%) and US$82.07 million (5.22%), respectively, BusinessDay reports.

Again, in the second quarter, the United Kingdom ranked top as the source of capital imported into Nigeria, with a value of US$781.05 million, accounting for 50.87%.

This was followed by Singapore and the Republic of South Africa, valued at US$138.58 million (9.03%) and US$122.26 million (7.96%), respectively.

Top 10 countries foreign investment in six months United Kingdom- $1.8 billion South Africa- $239 million Singapore- $203 million United States- $162.27 United Arab Emirates- $138.22 million Mauritius- $124.41 million Togo- $73.98 Netherlands- $70.16 million Nigeria- $70.09 million Hong Kong- $38.87.

Investment funds from China stand at $3.95 million, one of the lowest among the 45 countries.