Nigeria's capital importation falls by 60% in 2020
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Nigeria, Feb. 6 -- Nigeria's total value of capital importation in 2020 stood at $9.7 billion, compared to $24 billion in 2019, representing a decline of 59.65 per cent between the two periods.
Also, the country's capital importation decreased by 71.87 per cent in the fourth quarter of 2020 when compared to the Q4 of 2019, the National Bureau of Statistics, (NBS) has said in a new report.
The bureau said the total value of capital importation into Nigeria stood at $1,069.68 million in the fourth quarter of 2020.
This represents a decrease of 26.81 per cent compared to the third quarter of 2020, and 71.87 per cent decrease compared to the fourth quarter of 2019.
The bureau said the largest amount of capital importation by type w...
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