Over the past three years, the flow of
investment into the country has been declining due to issues in the
economy, which have made Nigeria not to be the darling of foreign investors again, IFEANYI ONUBA writes
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| Ejinkeonye, Gwarzo |
The Nigerian
economy recorded a total decline of $11.68bn (N2.3tn) in investment
inflow in the last three years, investigations have revealed.
It was learnt that since 2013, the country had been experiencing persistent decline in the value of direct and portfolio investments.
For instance, figures obtained by the National Bureau of Statistics stated that as of 2013, the country had a total investment inflow of $21.32bn (N4.2tn).
This figure, according to an analysis of
the report, declined to $20.72bn (N4.08tn) and $9.64bn (N1.89tn) in the
2014 and 2015 fiscal periods respectively.
Cumulatively, between January 2013 and December 2015, the country recorded total investment inflow of $51.7bn (N10.18tn).
