Around $22.1 billion of the $89.4 billion influx into the nation in the previous eight years came through FDIs and FPIs taking positions in equity-type ventures. The remaining $67.3 billion comes via debt-linked instruments and foreign instruments loans that Nigeria still owes. This information is courtesy of a report from the Nigerian business news platform Nairametrics.
Data available on Nigeria’s capital imports between 2015 and 2022 reveal a huge fall in capital imports during the previous eight years. Nigeria could only attract $89.4 billion in the period under review, compared to around $98 billion between 2007 and 2014.
Investors’ preference for the country’s debts over the more favored equity-linked investments has been a recurring topic of foreign investment inflows from 2015 till the present.
