Foreign Private Investment in Nigeria 2001

Authors

Statistical Survey Office, Central Bank of Nigeria, Abuja

Publisher

Central Bank of Nigeria

Keywords

Foreign Private Investment

Abstract

The netflow of foreign investment into the Nigerian economy rose by 0.9

per cent from N3,347.0 million in 2000 to N3,376.4 million in 2001.

Companies of United Kingdom origin accounted/or the bulk of the flow in the

review period. The cumulative level of foreign direct investment in the country,

mainly in Mining and Quarrying as well as Manufacturing and Processing

sub-sectors was N160,882.2 million. The proportion of paid-up capital plus

reserves in total investment in the Manufacturing and processing sub-sectors

was 91 per cent in the review period. The value of total stock of fixed assets in

the review period was N300,340. 7 million, indicating an increase of 0.8 per

cent over the _figure in the preceding year. Further analysis showed that, the

current reserves for depreciation of fixed assets rose from N 1,444.6 million in

2000 to N1,458.8 million in 2001.

Author Bio

The authors are staff of the Statistical Survey Office, Research Department, Central Bank of Nigeria.

Publication Title

CBN Economic and Financial Review (EFR)

Issue

1

Volume

41

Recommended Citation

Statistical Survey Office (2003). Foreign private investment in Nigeria 2001. Economic and Financial Review. 41(1), 86-159.