Even as the coronavirus pandemic raged, Nigeria recorded its highest Foreign Direct Investment (FDI) in eight quarters in the third quarter of 2020, as the nation attracted investment worth $414.79 million. The new figures are contained in the data released by the Nigerian Office for Trade Negotiations (NOTN) on Tuesday.
According to the Trade Data Quarterly brochure for the third quarter of 2020, the jump in Q3 represents a 179 per cent increase from the $148 million the country attracted in Q2 2020. PREMIUM TIMES analysis of the figures shows that this is the highest figure since the third quarter of 2018 and it is more than the sum of both Q1 and Q2 of 2020. The data also indicates that the FDI was 100 per cent equity…
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