Nigeria recorded $2.6 billion in capital importation during the second quarter of 2024, according to the National Bureau of Statistics (NBS).
In its Q2 2024 capital importation report, released on Tuesday, the NBS noted a decrease of $771.5 million (22.8%) compared to the $3.37 billion recorded in the first quarter.
However, on a year-on-year basis, foreign investment increased significantly by 152.8%, up from $1.30 billion in the same quarter of 2023.
Lagos emerged as the top destination for capital importation, attracting $1.36 billion (52.5% of the total), followed by Abuja with $1.23 billion (47.4%). Ekiti State recorded $0.0003 million.
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