Tuesday, January 31, 2023
  • Home
  • Markets & Companies
  • Business & Economy
  • INNOVATION
  • EMPIRE
  • OPINION
  • CULTURAL CURRENTS
  • Features
  • AE Magazine
  • CORPORATE RENDEZVOUS
Financial Street
No Result
View All Result
  • Home
  • Markets & Companies
  • Business & Economy
  • INNOVATION
  • EMPIRE
  • OPINION
  • CULTURAL CURRENTS
  • Features
  • AE Magazine
  • CORPORATE RENDEZVOUS
Financial Street
No Result
View All Result

Nigeria’s FDI, capital import ’ll remain low in 2021 – NECA

Ehime Alex by Ehime Alex
February 8, 2021
in BUSINESS & ECONOMY, Investment
0
FDI inflow begins to rebound as Ghana records $785.62m in first half of 2020
1
SHARES
17
VIEWS
Share on FacebookShare on TwitterShare on LinkedInShare on WhatsApp

Foreign Direct Investment and Capital Importation will remain low till the third quarter of 2021, the Nigeria Employers’ Consultative Association said on Monday.

According to the statement from NECA’s Director-General, Dr. Timothy Olawale, Nigeria only received $9.68bn from capital inflows in 2020, against $23.99bn received in 2019.

READ ALSO

Afrinvest highlights investment outlook, opportunity for 2023

Lowering life’s risks through insurance

Referring to the data from the National Bureau of Statistics, he said the figure represented 59.6 per cent decline relative to that of 2019 and 42.4 per cent reduction compared to $16.81bn recorded in 2018.

Read Also:

  • Afrinvest, Interswitch, Obiano, UBA lead top 10 performing brands
    Afrinvest, Interswitch, Obiano, UBA lead top 10 performing…
  • Absence of sacrifice hurting our polity, elections – Enechionyia
    Absence of sacrifice hurting our polity, elections –…
  • Scholarly opportunities in W’Africa and youth development
    Scholarly opportunities in W’Africa and youth development

“This low rate of FDI and capital importation is likely to continue till Q3 2021,” he said.

Olawale highlighted some of the factors responsible for the low rate to include poor investment climate characterised by overly stringent government policies, bureaucratic bottlenecks for securing permits, weak legal framework, insecurity, lack of economic diversification, and the nation’s huge infrastructure deficit.

“Additionally, uncertainty around the Coronavirus Disease revolution and the global investment policy environment will continue to affect FDI inflows globally in 2021.

“For developing countries such as Nigeria, prospects for this year are a major concern. Traditionally, capital importation or FDI will flow to areas or countries where there are guarantees of return on investment. Thus, an environment like Nigeria without much guarantees will naturally be a disincentive to investors,” Olawale added.

Tags: Capital importationFDIForeign direct investment

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Ehime Alex

Ehime Alex

Ehime Alex reports the Capital Market, Energy, and ICT. He is a skilled webmaster and digital media enthusiast.

Related Posts

Afrinvest West Africa
BUSINESS & ECONOMY

Afrinvest highlights investment outlook, opportunity for 2023

December 8, 2022
Nigeria Insurance
Front Page

Lowering life’s risks through insurance

December 5, 2022
business technology
BUSINESS & ECONOMY

IT and going concerns

November 30, 2022
Afrinvest soars
BUSINESS & ECONOMY

Tech-driven, growth-oriented Afrinvest soars in wealth management

November 21, 2022
BUSINESS & ECONOMY

Changing face of Nigeria’s financial industry with Optimus

November 14, 2022
as CBN redesigns N200
BUSINESS & ECONOMY

As CBN redesigns N200, N500, N1,000 bills…

November 7, 2022
Next Post
Customs nabs 44 suspects, intercepts cars, others worth N30bn

Customs nabs 44 suspects, intercepts cars, others worth N30bn


Naira4Dollar Rates
ADVERTISEMENT

RECENT STORIES

Zelenskyy

Zelenskyy names Ezekwesili, others ‘Grain from Ukraine’ envoys

January 27, 2023
Absence of sacrifice hurting our polity, elections – Enechionyia

Absence of sacrifice hurting our polity, elections – Enechionyia

January 26, 2023
Brands in Nigeria

Afrinvest, Interswitch, Obiano, UBA lead top 10 performing brands

January 25, 2023
Rhodes Scholarships

Scholarly opportunities in W’Africa and youth development

January 24, 2023
Christmas and New Year holidays

Frustration of bank customers during public holidays

January 17, 2023

OAA agency celebrates as founder joins tourism experts

January 14, 2023
Ehizua Hub

Ehizua Hub, Igbinedion launch IUO Okada Hub

January 14, 2023

TRENDING

  • Brands in Nigeria

    Afrinvest, Interswitch, Obiano, UBA lead top 10 performing brands

    0 shares
    Share 0 Tweet 0
  • Absence of sacrifice hurting our polity, elections – Enechionyia

    0 shares
    Share 0 Tweet 0
  • Scholarly opportunities in W’Africa and youth development

    0 shares
    Share 0 Tweet 0
  • Case for petty trading and investment in Nigeria

    0 shares
    Share 0 Tweet 0
  • The world of hire purchase transporters in Lagos

    2 shares
    Share 0 Tweet 0
Financial Street

© Financial Street 2021. All Rights Reserved.

More Links

  • Privacy Policy
  • Terms of Use
  • Contact Us

Follow Us

No Result
View All Result
  • HOME
  • CONSUMER PERSPECTIVE
  • PERSONAL FINANCE
  • MARKETS & COMPANIES
    • APPOINTMENTS
    • COMMODITIES
    • COMPANIES
  • BUSINESS & ECONOMY
    • AGRICULTURAL ECONOMY
    • AGRO-ECONOMY
    • AVIATION
    • BRANDS
    • CONSUMER GOODS
    • ECONOMY
    • ENERGY
    • ENVIRONMENT
    • FINANCIAL INCLUSION
    • INSURANCE & PENSIONS
    • INVESTMENT
    • MANUFACTURING
    • MARITIME
    • MONEY
    • MSMEs
    • PRODUCT REVIEW
    • STARTUPS
  • CULTURAL CURRENTS
  • EMPIRE
  • CORPORATE RENDEZVOUS