Q1 2025: Capital Importation Rises by 67% to $5.64 Billion – NBS | #NwokeukwuMascot

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Capital importation into Nigeria surged by 67.12 percent in the first quarter of 2025, reaching $5.642 billion, compared to $3.376 billion in Q1 2024, according to the National Bureau of Statistics (NBS).



The NBS report, released recently, also revealed a 10.86 percent increase compared to the preceding quarter (Q4 2024), which recorded $5.089 billion in capital importation.



In Q3 2024, total capital importation stood at $1.252 billion, significantly higher than the $654.65 million recorded in Q3 2023 an increase of 91.35 percent. However, this was a 51.90 percent decline from the $2.604 billion recorded in Q2 2024.



The report further showed that portfolio investments ranked highest, accounting for $899.31 million (71.79%), followed by other investments at $249.53 million (19.92%). Foreign Direct Investment (FDI) trailed with $103.82 million (8.29%) of the total capital importation in Q3 2024.



The banking sector received the highest inflow at $579.48 million (46.26%), followed by financing at $294.55 million (23.51%) and production/manufacturing at $189.22 million (15.11%).



The United Kingdom was the top source of capital importation with $502.60 million (40.12%), followed by South Africa with $185.03 million (14.77%) and the United States with $163.86 million (13.08%).



Standard Chartered Bank Nigeria Ltd received the highest capital importation during the quarter at $385.62 million (30.78%), followed by Stanbic IBTC Bank Plc with $382.08 million (30.50%), and Citibank Nigeria Ltd at $192.88 million (15.40%).



Notably, only five Nigerian states recorded capital importation in Q1 2025, with Lagos State leading at $650.41 million (51.92%), followed by Abuja (FCT) with $600.02 million (47.90%). Kaduna recorded $1.95 million (0.16%), while Enugu and Ekiti posted $184,229 and $96,600, respectively. 



Capital importation refers to the inflow of foreign investment, including both cash and goods, into a country. Enugu State continues to set the pace in economic development across the South East and beyond.



Governor Peter Mbah’s administration has consistently emphasized the goal of growing Enugu’s GDP from $6 billion to $33 billion within the lifespan of his administration. This vision is already bearing fruit, as Enugu was one of just five Nigerian states to record capital importation in Q1 2025, according to the NBS data published by Vanguard Newspapers.



Although the report did not specify the sector driving Enugu’s capital importation, analysts point to massive investments in infrastructure and key sectors; Procurement of 200 CNG-powered buses, Acquisition of over 1,000 tractors to support commercial agriculture, Establishment of Enugu Air with four newly acquired airplanes



While Enugu continues to show verifiable efforts toward growth, states like Abia have resorted to media propaganda and falsehoods to mislead the public, boasting of nonexistent retrofitted schools allegedly worth N54 billion, a phantom N6.5 billion recreational center, and fictitious ICT facilities claimed to cost over N3.4 billion.



Enugu, under Governor Mbah, is fast reclaiming its leadership status as a top investment destination in Nigeria. Since 2023, at least six new companies have set up operations in the state, including the Stallion Motors vehicle assembly plant.



Some moribund industries are also being revived, such as Niger Gas Company, Emene, Sunrise Flour Ltd, among others.



From education to healthcare, security, hospitality, and aviation, Enugu is redefining governance and leading by example. Indeed, Enugu’s Tomorrow Is Here.


©️NMN

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