Total Foreign Direct Investment (FDI) inflows into the country rose by 48.60 per cent, or $176.60 million, to $540 million, in the first 11 months of 2024, compared with $363.40 million in the corresponding period of the preceding year, findings by New Telegraph has shown.
Specifically, an analysis of monthly economic reports for January – November 2024 released by the Central Bank of Nigeria (CBN), indicated that total FDI inflows into the country for the first half of last year stood at $140 million compared with $400 million recorded for between July and November.
Further analysis of the apex bank’s data shows that compared with earlier months of last year when FDI inflow did not reach $100 million, the nation recorded FDI inflow of $180 million and $120 million in October and November respectively.
