The Federal Government’s revenue from Foreign Direct Investment into Nigeria in the second quarter of 2024 dropped to $29.83m.
According to the National Bureau of Statistics’ most recent capital importation data, foreign direct investment (FDI) fell by 65.33 percent from $86.03 million during the same time last year.
Based on available data up until 2013, the development represents the lowest level ever documented.
Additionally, it decreased by 74.97% from the $119.18 million reported in the 2024 quarter before.
Data from the NBS shows that Nigeria’s FDI includes equity and other capital.
