FDI declines by 56% as FG injects N100bn into economy.

By Isaac Anumihe, Adewale Sanyaolu and Perpetua Egesimba.

Vice President Yemi Osinbajo yesterday disclosed that Foreign Direct Investment (FDI) inflow into Nigeria took a plunge of 56 per cent from $395 million in quarter one  of 2015 to $175 million by the first quarter of 2016.
This was even as Foreign Portfolio Investment (FPI), through the capital market, declined by 85.5 per cent since the first quarter of 2015.
The slide in FDI and FPI was disclosed by the Vice President at the Presidential Policy Dialogue organised by the Lagos Chamber of Commerce and Industry (LCCI) in Lagos yesterday.
He explained that FPI, which averaged $621 million in Q1 of 2015, had declined to $90.3 million by Q1 of 2016 as inflation rose to 16.5 per cent.


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