Osun, Four Others Fail To Attract Capital Importation In Q1 2024
The National Bureau of Statistics (NBS) has revealed that Osun and three other states from the South-West part of the country failed to attract capital importation in the first quarter (Q1) of 2024.
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The three other states from the same geo-political zone are Ondo, Oyo and Ogun; while their neighbouring Kwara State from the North Central geopolitical zone also joined in the shortfall.
The ‘Nigeria Capital Importation’ report by NBS reveals that in the South-West, only Ekiti and Lagos State reported capital importation in the period under review.
The bureau disclosed that Ekiti State imported $0.01 million in Q1 2024 and Lagos State with about $2,782.41 million in Q1 2024, contributed 82.4 per cent of the total $3,376.01 million total capital importation by States in Nigeria.
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“Out of the three states that recorded capital importation during the quarter, Lagos state remained the top destination with $2,782.41 million, accounting for 82.42 per cent of the total capital imported.
“Abuja (FCT) followed with $593.58 million (17.58 per cent), and Ekiti State with $0.01 million,” the report by NBS revealed.
Further checks by OSUN DEFENDER revealed that Osun, Oyo, and Kwara states did not record Cheap Novogas Jordan Outlet , adidas Introduces aditech stan Stan Smith , adidas Tensaur Run GS Navy Orange any capital importation in the 2023 calendar year.
The report disclosed that, Lagos, $2,503.44 million; Ogun, $27.09 million; Ondo, $0.20 million and Ekiti, $0.05 million out of the total $3,905.99 million capital importation in 2023.
According to NBS, in Q1 2024, the total capital importation into Nigeria stood at $3,376.01 million, higher than $1,132.65 million recorded in Q1 2023, indicating an increase of 198.06 per cent.
The report stated, “In comparison to the preceding quarter, capital importation rose by 210.16 per cent from $1,088.48 million in Q4 2023.
Yusuf Oketola is a trained journalist with over five years of experience in the media industry. He has worked for both print and online medium. He is a thorough-bred professional with an eye of hindsight on issues bothering nike zoom vomero 5 on social justice, purposeful leadership, and a society where the leaders charge and work for the prosperity of the people.
