•34 state records zero inflow Nigeria’s capital importation rose by 198.06 per cent over the last 12 months to $3.38 billion in the first quarter of the year. The growth was driven by portfolio investments, contributing a larger part of the inflow. However, Foreign Direct Investment (FDI), which the country desperately needs, did not show any improvement, attracting only 3.53 per cent of total capital importation during the period. The National Bureau of Statistics (NBS), in its Q1 capital importation report, said Nigeria’s total capital importation rose from $1.132 billion in the first quarter of 2023 to $3.38 billion in

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