The aggregate capital importation into the nation, containing both Foreign Direct Investments (FDI) and Foreign Portfolio Investments (FPI), tremendously increased in 2017, surging by 138.7 percent year-on-year to $12.2 billion from $5.1 billion recorded in 2016, a pointer to the taking off certainty of outside financial specialists in the Nigerian economy.

National Bureau of Statistics, NBS, uncovered this yesterday in its Capital Importation report for final quarter 2017 (Q4’17) and Full Year 2017 (FY’17), noticing that the expansion was floated by the developing hunger of portfolio speculators in Nigerian Securities. The report expressed: “As toward the finish of 2017, add up to capital imported into Nigeria was $12.2 billion, an expansion of $7.1billion or 138.7 percent from the figure recorded in 2016.

The development in Capital Importation in 2017 was mostly determined by increment in Portfolio Investment, which went up by $5.5 billion from the earlier year to reach $7.3 billion out of 2017, and representing 60 percent of capital imported.” In the Q4’17, outside venture remained at $5.3 billion demonstrating 247.5 percent (YoY) development and 29.9 percent quarterly development.

The report disclosed that the primary driver of capital importation in Q4’17 was FPI, generally called Hot Money. The FPI developed by 1,123.5 percent, that is 12 times, over the figure recorded in Q4’16, which was to a great extent encouraged by Money Market Instruments.