The capital importation into Nigeria in Q2 2020 massively declined, with over 56% of the total coming inform of loans.
A review of the latest Nigerian Capital Importation report released by the National Bureau of Statistics showed that by sector, Capital importation by Shares dominated in Q2 2020, reaching $464.57 million (35.88%) of the total capital importation in Q2 2020.
The Shares sector was followed by the Financing sector with $309.48 million (23.90%) and the Banking sector with $140.19 million (10.83%).
The capital importation into other sectors are as follows;
Production – $110.78 million (8.55%)
Telecomms – $105.64 million (8.16%)
Trading – $68.23 million (5.27%)
Agriculture – $48.75 million (3.76%)
Brewing – $20.00 million (1.54%)
Servicing – $7.20 million (0.56%)
Oil & Gas – $6.55 million (0.51%)
Construction – $6.40 million (0.49%)
Electrical – $3.8 million (0.29%)
Transport – $1.55 million 0.12%)
Consultancy, Fishing, Marketing, and IT Services received a total of $1.79 million. (0.14%)
Written by;
Ifunanya Ikueze
