In the fourth quarter of 2023, the National Bureau of Statistics reported that the United Kingdom, Mauritius, and the Netherlands emerged as the leading contributors to capital investments in Nigeria.
The data, outlined in the Nigeria Capital Importation report for Q4 2023, highlights the significant economic ties between Nigeria and these countries.
During this period, the United Kingdom took the lead with a substantial investment of US$267.24 million, capturing a considerable 24.55 percent share of the total capital imports. Following closely, Mauritius secured the second position, injecting US$226.18 million into Nigeria’s economy, constituting a noteworthy 20.78 percent share. The Netherlands also played a vital role, contributing US$149.93 million, representing 13.77 percent of the total capital imported during the reference quarter.
This distribution of capital investments underscores the global interest and diversified sources of foreign inflows into Nigeria. The robust economic connections between Nigeria and these countries showcase the attractiveness of the Nigerian market to international investors.
Moreover, against the backdrop of these international investments, Nigeria experienced a substantial monthly increase in total foreign investment, soaring by 66.77 percent to reach $1,060.73 million in Q4 2023. This surge reflects the growing confidence and positive sentiment of investors toward Nigeria’s economic landscape during the specified period. The NBS report serves as a valuable indicator of the country’s global economic engagements and the significant contributions of the United Kingdom, Mauritius, and the Netherlands to Nigeria’s capital importation dynamics.
