NewStats: 3,261,380 , 8,173,842 topics. Date: Thursday, 29 May 2025 at 05:07 AM 85z3h

Data from the Capital Importation Report for the third quarter of the year shows that approximately 78% of the capital imported into Nigeria comprised foreign loans, amounting to $507.71 million.

This occurred as foreign capital inflow into Nigeria plunged to its lowest level in over a decade, totalling $654.65 million in Q3 2023, according to the latest report from the National Bureau of Statistics (NBS).

Further analysis indicates that the value of foreign loans received by the country in Q3 2023 was 18% lower compared to the $619.16 million recorded in the same quarter of the previous year. Moreover, there was a 34.19% decline relative to the $771.53 million secured in Q2 2023. This decrease is likely attributed to the current government’s strategy of favouring borrowing from domestic sources over foreign ones.

In fact, for the first time since 2007, under the istration of former President Olusegun Obasanjo, there was a reduction of about $1.57 billion in the country’s external debt in Q3 2023.

However, this decrease was primarily due to debt servicing activities carried out in the quarter. These activities included redeeming a $500 million Eurobond and making a $413.86 million principal repayment, the first instalment of the $4.3 billion loan obtained from the International Monetary Fund (IMF).

FDI is less than 1% of capital import

Foreign Direct Investment (FDI) ed for only 0.091% of the total capital imported into Nigeria, falling short of 1% despite the current government’s efforts to attract investments.

In Q3 2023, Nigeria attracted FDI worth $59.77 million, marking a decline of 26.86% compared to the $81.72 million secured in the same quarter of 2022. Additionally, this figure represents a 30.52% decrease from the $86.03 million recorded in the previous quarter of the same year.

This indicates that the current investment initiatives under the istration of Bola Tinubu have not yet produced significant near-term results.


More Insight

Struggling with low foreign exchange reserve and forex scarcity, it appears that Nigeria has to turn to foreign lenders for FX.
About two months ago, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, said that around $10 billion of forex inflows is expected within weeks rather than months.
Also, about a week ago, the Federal Minister of Information and National Orientation, Mohammed Idris, said Tinubu’s overseas trips, have resulted in over $15 billion in Foreign Direct Investment (FDI) pledges across different economic sectors.
However, none of these promises have resulted in actual foreign direct investment or foreign portfolio investment.
Nigerians can only hope that in the next capital importation report of the NBS, these pledges and expected forex inflows will reflect towards changing the trajectory of the current economic situation.

https://nairametrics.com/2023/12/30/foreign-loans-make-up-78-of-nigerias-capital-importation-by-q3-2023/

The high percentage of foreign loans in Nigeria's capital importation is concerning. I hope there is careful management and sustainable repayment strategies.

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Nigeria and loan

Imagine Buhari selling future oil that is yet to be extracted and blowing the money on what we don't know, the go ahead on borrowing spree

This people really want to burn Nigeria to the ground

sheriffden:

https://nairametrics.com/2023/12/30/foreign-loans-make-up-78-of-nigerias-capital-importation-by-q3-2023/

Nigeria is exporting next to nothing. I ed years ago, when Doyin Group of companies exports after meeting local markets. Now most FGMC like lever brothers, PZ, P&G, Dunlop are out of the country. Chinese products have flooded our markets. How can we have enough dollars.

I no blame una



Na South South I blame for all these



While Nnamdi Kanu was busy agitating for Biafra na that time we suppose follow am dey agitate for our own Niger Delta Republic



But no the likes of Asari are busy licking Tinubu anus



All these loans and excessive debt are all powered & serviced by Niger Delta oil



If Niger Delta wasn’t in the picture then for no dey take all these rubbish loans



Can’t wait for Niger Delta agitation to start

joebeckz:
I pray that God gives the president the vision to make things work cos the level this country is going. Hmmm.
Things seem not to be getting better at all.

God will never give any Mumu Tinubu any vision



God had already given us power and sense to choose between good and evil



Una go chose evil finish come dey gaslight God to give evil vision


Tinubu will crumble

This data shows some fascinating patterns and trends about how Nigeria gets and uses foreign capital. It clearly indicates that the Nigeria is seeing a drop in both the amount and quality of capital inflows, as foreign loans make up most of the capital importation, while FDI is very low. This means that Nigeria is struggling with a lack of foreign exchange (forex) and a low level of investor confidence.

I think the reason for the low FDI inflows is the high risk and uncertainty of investing in Nigeria, due to political instability, security issues, corruption, poor infrastructure, and regulatory barriers.
There is also the problem of competitiveness and diversification of the Nigerian economy, which is still heavily reliant on oil exports and exposed to external shocks. These factors are detering foreign investors from entering or growing their operations in Nigeria, especially in the non-oil sectors.

What if the government steps up its efforts to improve the investment climate and diversify the economy, while also making sure that the foreign loans are used effectively and responsibly. This would help to boost the inflow and impact of FDI and forex.
That's my view.

---

shame

This loans will favour agbado miscreants and their family

Awon werey!

I pray that God gives the president the vision to make things work cos the level this country is going. Hmmm.
Things seem not to be getting better at all.

If you can relocate your family to get a dual citizenship, please do.
Don't stay and say u are earning well.

As each istration over the years, things haven't gotten better but worse.
Imagine what it will be like in two decades considering the trend.

Is that what you want your kids to experience?
If you like stay and be saying, I am earning well.
Give your family a chance to have options should things go south.

May God help us all

sheriffden:

https://nairametrics.com/2023/12/30/foreign-loans-make-up-78-of-nigerias-capital-importation-by-q3-2023/

"Also, about a week ago, the Federal Minister of Information and National Orientation, Mohammed Idris, said Tinubu’s overseas trips, have resulted in over $15 billion in Foreign Direct Investment (FDI) pledges across different economic sectors.
However, none of these promises have resulted in actual foreign direct investment or foreign portfolio investment".

Useless Bala blu government

God

Printandborrow.com/loot/and/invest

This is why the naira keeps crashing

I honestly don't think this government has a solid economic blue print to take this country out of this mess

In a few months, this istration would be one year, and I am struggling to find a place where this country has positively impacted the life of the common man

Welcome to jagaban government

FDI is less than 1% of capital import

Nearly zero investors

Omo

Yankee101:
FDI is less than 1% of capital import

Nearly zero investors

lol.
$14b from India is coming.

Emilakon any one that voted APC at the federal levy in the last election deserve to be in jail for 50 years.because is a criminaloffence against the country to vote in incompetence ..After listening to a video where to tinubu adviced buharia to print more naira notes to reduce inflation..it was clear that this old man has ed his prime...that agbadorians said that tinubu is the one who created lagos and so he will create Nigeria from scratch and now we are here..losing investors up and down ..naira crashing to above 1000 per I dollar...yet agbadorians are hoping against hope that this man is doing well ...

K

Is it not better we break this country b4 they sink us all?

I seriously doubt that Nigeria would survive 8 years under Tinubu with this level of irresponsible leadership.

AqualinaXYZ:



God will never give any Mumu Tinubu any vision



God had already given us power and sense to choose between good and evil



Una go chose evil finish come dey gaslight God to give evil vision


Tinubu will crumble

I didn't Tinubu.
But he's preaodentt. I pray for him to flourish cos it affects me if he fails.
I am tired of the high cost of living.

That's why I wish anyone in Leadership well.

I laughed when some ignorant mob celebrated Abia's FDI when in fact it was nothing but loan importation.

Abia is now the 2nd largest debtor state after Lagos.

oluwaseyi0:
Nigeria and loan

Imagine Buhari selling future oil that is yet to be extracted and blowing the money on what we don't know, the go ahead on borrowing spree

This people really want to burn Nigeria to the ground

when Buhari was busy borrowing up and down, north and west were busy hailing and clapping for him

What's capital importation?

plaindealer:
I laughed when some ignorant mob celebrated Abia's FDI when in fact it was nothing but loan importation.

Abia is now the 2nd largest debtor state after Lagos.

Typical yoruba soul, always trying to blame another person. Nigeria is so king under useless Tinubu and u are busy calling Abia, when it gets to Abia will drag their blokos. Hope d 6 billion for car park of legislature go reach ur end?

[b]Tinubunomics has failed on arrival.

The problem started with the Naira float.
They told us it was meant to improve foreign investment. Unfortunately foreign investors did not agree.

Then they removed fuel subsidy. They told us it would reduce our expenses and increase forex reserves.They also said it'll free up money for infrastructure investment Unfortunately forex reserves are still in historical decline. Infrastructure like power supply is still abysmal.

The removal of the subsidy and floating of Naira has caused hyperinflation.
The hyperinflation has thrown millions more Nigerians into poverty and closed thousands of local businesses.

The hyperinflation and currency depreciation has caused investors to flee Nigeria.
If you invest $1 Million in Nigeria early in the year even after making a profit, your returns will be less than $1 Million after conversion due to Naira depreciation.
This is assuming you can even get the dollar out of the country which is another problem.

Tinubu ers point to the Dangote and PH refineries as light at the end of the tunnel.
As it in theory should further reduce forex expenses and generate more forex. Which should stabilise the Naira and the economy.
This is folly. You only need to take a look at countries like Venezuela to understand that access to refined oil is not necessarily a way out when you have terrible financial managers and the decay of corruption.
You see pumping more oil as a strategy has come a couple of decades too late to make much of a difference for Nigeria.

Many countries are now moving away from fossil fuels and are embracing sustainable energy. Investors are now more ethical and not putting money into things majority of the world thinks is harming the planet like fossil fuels.
Indeed some countries in Europe have started putting bans and deadlines of use to anything that uses fossil fuels from cars to appliances.
This means more and more in the future fossil fuels would be irrelevant and countries depending on them would need diversify or go under.

The solution is to ramp up the economy and diversify from oil in the long term. Create an environment for investment. Increase exportation of local goods and services for forex. Make good geopolitical decisions that elevates the status of the Naira.

To achieve the above Nigerians need to elect the right people to the right places to make the right decisions.
Unfortunately the country runs on tribal and religious sentiments. Where people votes for bribes and their kin and on the advice of religious leaders not on merit.
For the reasons above the country WILL remain in permanent managed decline with the exception being pockets of economic success in places like Lagos,Abuja,Delta, etc.[/b]

They've solded the country





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Streetdoctor:

Typical yoruba soul, always trying to blame another person. Nigeria is so king under useless Tinubu and u are busy calling Abia, when it gets to Abia will drag their blokos. Hope d 6 billion for car park of legislature go reach ur end?

Typical ignorant and unintelligent miscreant rubbish.

plaindealer:


Typical ignorant and unintelligent miscreant rubbish.

You're th miscreant. You avoided the topic to mention Abia

What's the obsession with you Yorubas with SE?

Check the thread, you are the only fuul mentioning state, an Igbo one at that, in a situation that concerns the whole country