…As FCT Displaces Lagos In Capital Inflow Destination Ranking
Nigeria’s total capital importation rose to $5,642.07 million in Q1 2025, representing 67.12% increase over the total capital inflows of $3,376.01 million to the economy in the corresponding quarter of last year, the National Bureau of Statistics (NBS) has reported.
The statistics agency, in its Capital Importation Q1, 2025 Report published on Tuesday, August 5, indicated that when analyzed on quarter-on-quarter basis, the Q1 2025 capital importation increased by 10.86% from US$5,089.16 million recorded in Q4 2024.
According to the report, Portfolio Investment ranked top with US$5204.61 million, accounting for 92.25%, followed by Other Investment with US$311.17 million, accounting for 5.52%. Foreign Direct Investment recorded the least with US$126.29 million (2.24%) of total capital importation in Q1 2025.
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A further analysis of the report showed that the Banking sector recorded the highest inflow with US$3127.92 million, representing 55.44% of total capital imported in Q1 2025, followed by the Financing sector, valued at US$2097.48million (37.18%), and Production/ Manufacturing sector with US$129.92 million (2.30%).
The report reflected that from the region of importation, Capital Importation in the quarter originated largely from the United Kingdom with US$3681.96 million, representing 65.26% of the total capital inflow, followed by the Republic of South Africa with US$501.29 million (8.88%) and Mauritius with US$394.51 million (6.99%).
On the destination of the capital inflows, the statistics agency reported that the five states that recorded capital importation during the quarter, Abuja (FCT) remained the top destination with US$3047.45 million, accounting for 54.11% of the total capital imported. Lagos State followed with US$2564.68 million (45.44%), and Ogun state with US$7.95million (0.14%). Others were Oyo and Kaduna States with US$7.81 Million and 4.06 million respectively.
As has been the trend over the past few months, the report revealed that Standard Chartered Bank Nigeria Ltd received the highest capital importation with US$2103.76 million (37.29%), followed by Stanbic IBTC Bank Plc with US1398.38 million (24.78%) and Citibank Nigeria Limited with US$1052.63 (18.66%) of the imported capital in the quarter.
