The Decline In Foreign Direct Investment
December 4, 2019
6:34 am
Despite the recent World Bank’s rating of Nigeria’s economy as one of the “most improved economies in the world,” especially in the Ease of Doing Business (EoDB) index, Nigeria is reportedly losing Foreign Direct Investment (FDI) inflows. In comparison with investor-friendly peers in Africa, Nigeria is at the bottom rung of foreign investment inflows. According to the latest National Bureau of Statistics (NBS) Capital Importation Report, investment inflows into the country declined from $5.82billion in the second quarter of this year to $5.36billion in the third quarter.
The report also revealed that the third quarter inflow of $5.36billion represented a …
