The National Bureau of Statistics has estimated that N9.4trillion ($47.4billion) was invested in the Nigerian economy between January, 2013 and June, 2015.
According to the report the investments include 9 different types: foreign direct investment (equity); foreign direct investment (other capital); portfolio investment (equity); portfolio investment (bonds); and portfolio investment (money market instruments).
The statistics also include investment made through trade credits; investments made in the form of loans; and investment done in the form of currency deposits and other claims.
The bureau says that Nigeria attracted $21.31billion in 2013; $20.75billion in 2014; $5.35billion in 2015 ( January-June)
2013
The National Bureau of Statistics analyzed the figures and concluded that bonds and money market instruments accounted for the highest amount of investment ( $17.368billion)
The foreign direct investment accounted for $2.7billion while other investments added $1.243billion to the FG.
2014
The report indicated that portfolio investors in equity, bonds and money market instruments made $14.91billion and remained the largest in 2014 as in 2015. The foreign direct investment accounted for $2.26billion.
2015
The organization’s report notes that the portfolio investment totalled $2.183billion in the second quarter of 2015 while the first quarter totalled $1,860.65 million portfolio investment.
Money market instruments contributed by $270.39million in the first quarter and $286.53million in the second quarter of 2015.
Uju Baba, the executive secretary of Nigerian Investment Promotion Commission said that the agency had put in place fresh strategies for monitoring and attracting new investments from all regions of the world.
She said: “The objective is to ensure that investors who have shown interest to invest in Nigeria are provided with adequate information and given support to actualise their investment in the country.There is the need to provide constant communication and quality information to enable prospective investors to make informed decisions.”
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