According to a report by The PUNCH newspaper, a Nigerian news publication, this information notes that capital imports into the nation for the industrial and manufacturing sector fell by 48.42% in 2022.
Foreign investments in manufacturing companies in Nigeria decreased from $100.97 million in January 2022 to $52.08 million in November 2022.
The decrease in foreign investment happened as firms battled problems, including a growing debt load and rising interest rates including an increasing debt load and rising interest rates, among others.
