Lagos Received 86.9% Of Capital Imported Into Nigeria In 2021 – NBS

  Nigeria’s commercial capital Lagos received at least 86.9 percent of the capital imported into the country in 2021. Advertisement This is according to data … Continue reading Lagos Received 86.9% Of Capital Imported Into Nigeria In 2021 – NBS

By Solomon Elusoji
Updated April 4, 2022
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A currency trader counts notes in his cabin at a market in Kinshasa on August 11, 2021. – How to make the Congolese franc a strong enough currency to regain its rights against the omnipotent US dollar. The “de-dollarisation” of the economy, a sea serpent of Congolese financial policy, has just been put back on the drawing board in Kinshasa. The US dollar made its home in the former Zaire during the four-figure hyperinflation of the Mobutu years, as it did in other countries in the grip of chaos in Africa and elsewhere. (Photo by Arsene MPIANA / AFP)
FILE: A currency trader counts notes in his cabin at a market in Kinshasa on August 11, 2021. (Photo by Arsene MPIANA / AFP)

 

Nigeria’s commercial capital Lagos received at least 86.9 percent of the capital imported into the country in 2021.

This is according to data from the National Bureau of Statistics.

The region with the second highest figure was the Federal Capital Territory (FCT) with 12.4 percent of the over $6.7bn worth of capital imported into the country in 2021.

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At least 24 other states recorded zero capital importation or had unavailable data for the same period.

More capital was imported through Banking ($1.4bn), Shares ($1bn) and Production ($934mn) than other sectors.

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