According to National Bureau of Statistics data on foreign direct investment, the amount of money brought into the country by investors in the UK and the US has decreased by $242.03m.
UK investors contributed $1.02 billion in the first quarter of 2022, while US investors contributed $82.07 million, for a total of $1.10 billion.
The total fell to $861.25 million by the second quarter, with $781.05 million coming from UK investors and $80.02 million from US investors.
In general, from $1.57 billion in Q1 2022 to $1.54 billion in Q2 2022, the total amount of capital import reported from investors and other stakeholders decreased by 2.40 percent.
Economic experts claim that the fall is caused by a variety of factors, including insecurity and the impending general election, among others.
- Tags: #investments, #Nigeria, #uk
