Central Bank of Nigeria
Foreign Private Investment
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.
CBN Economic and Financial Review (EFR)
Statistical Survey Office (2003). Foreign private investment in Nigeria 2001. Economic and Financial Review. 41(1), 86-159.