Business

Analysts: Structural, infrastructural challenges impede FDI inflow

Foreign Direct Investment (FDI) inflows into Nigeria will likely remain low if decisive steps are not taken to tackle the country’s structural and infrastructural challenges, analysts at Coronation Merchant Bank said in a report released at the weekend.

 

The analysts, who stated this while commenting on the National Bureau of  Statistics (NBS’) recently released report on capital importation for Q3’21, noted that although the total value of capital imported in Q3‘21 was estimated at $1.7 billion, representing an increase of 98 per cent q/q and 18 per cent y/y, FDI inflow accounted for just six per cent of total capital importation during the period.

 

Noting that portfolio investment accounted for the largest share – 70 per cent – of total capital importation in Q3’21, with money market instruments accounting for 65 per cent of total portfolio investments, the analysts pointed out that demand for equities was low during the period as the asset class accounted for just five per cent ($57 million) of total portfolio investments.

 

The analysts stated: “The challenging macroeconomic landscape impacted the performance of the equities market, as the Nigerian Exchange Group All Share Index (NGX-ASI) posted a negative return of -5.9 per cent in H1 ‘21.

 

Foreign direct investment (FDI) inflow grew by 38 per cent y/y to $108 million, but posted a q/q decline of -74 per cent y/y. “FDI inflow accounted for just six per cent of total capital importation in Q3‘21. Until definitive steps are taken to address Nigeria’s structural and infrastructural challenges, FDI inflow will likely remain relatively low.”

 

TRY IT TONIGHT!!! ---

 

Abuja Civil Servant reveals (FREE) secret Fruits that Increased his Manh0d size, gives Stronger Erections and ends Premature Erection in 7days...

   

CLICK HERE FOR FULL DETAILS.

 

%d bloggers like this:
Fake Richard Mille Replica Watches, www.richardmille.to The ceramic upper and lower cases are imported from Taiwan and are processed by ATPT ceramics to form Y-TZP ceramics. After high-tech anti-fingerprint technology, they present a delicate and soft sub-black material. This color quality has remained unchanged for a hundred years. The color and luster are more detailed to achieve the ceramic tone visual pattern electroplating upper and lower shells that are infinitely close to the original products, with anti-reflective coating sapphire glass! The tape uses a soft and delicate Malaysian imported top rubber strap, and the movement is equipped with an imported Seiko NH movement. The buckle of this version is made according to the original size and thinness, making it feel more comfortable and intimate, the highest version on the market Richard Mille Replica