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The United Kingdom was the largest source of foreign capital for Nigeria in the first quarter of 2025, accounting for more than 65% of total inflows. According to the National Bureau of Statistics’ (NBS) latest Capital Importation report, the UK invested $3.68 billion (N5.52 trillion) in Nigeria during the quarter, representing a 29.2% increase from the $2.85 billion recorded in Q4 2024 and a 103.9% jump from the $1.81 billion in Q1 2024.
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The NBS report stated, “Capital importation during the reference period originated largely from the United Kingdom with $3,681.96m, showing 65.26% of the total capital imported.” South Africa emerged as the second-largest source of capital, with $501.29 million, or 8.88% of the total, while the United States contributed $368.92 million, or 6.54% of the total.
The report highlights that capital inflows into Nigeria remain highly concentrated, with the top five countries – the UK, South Africa, the US, Mauritius, and the UAE – accounting for more than 92% of all recorded inflows in the quarter. This concentration exposes Nigeria to the risk of volatility if investor sentiment in these jurisdictions shifts.
Overall, capital importation into Nigeria stood at $5.64 billion in Q1 2025, up 10.9% from $5.09 billion in the previous quarter and 67.1% higher than the $3.38 billion recorded in the same period of 2024. The surge in foreign investment is attributed to Nigeria’s structural reforms, demographic momentum, and rapid digital transformation, making it an attractive destination for international capital.
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