The confidence to invest and make profit in Nigeria has dropped drastically over the last year, with investors withdrawing more than N2.2 trillion from the economy in 2015. According to statistics from Nigeria’s Data Bureau (NBS), as quoted by Quartz Africa, investor confidence in Nigeria rose significantly between 2010 and 2013, only to take a little dive in 2014, and a drastic drop in 2015. When Goodluck Jonathan was announced acting president of the country in 2010, following the illness and subsequent death of Umaru Yar’Adua, investing interest in Nigeria rose by N1.17 trillion. In Jonathan’s second year, and after a “successful” presidential election, investing interest rose by N396 billion to an approximate N1.6 trillion. By 2013, investing interest in Nigeria had risen by N2.65 trillion to N4.22 trillion. In 2014, towards the build-up of the 2015 general elections, which predicted endless doom for Nigeria, some investors withdrew their monies from the Nigerian economy, leading to a drop from N4.22 trillion to N4.1 trillion. In 2015, however, there was a drastic withdrawal of investing interest in Nigeria, and according to NBS, investing interest declined by N2.2 trillion in 2015.

Some investors blamed it on the uncertainties that surrounded the 2015 elections, while many others blamed it on the lack of policy direction in the first five months of President Muhammadu Buhari’s administration. Data from the Nigerian Stock Exchange (NSE) show that investors were voting their monies out of the economy prior to the election, but immediately after the relatively free and fair poll, they brought the monies back. Then three months before the election, NSE lost 8.40 percent of its worth, only to regain 8.30 percent in a single day after the election. By March 31, 2015 – while the election results were being collated – the NSE market capitalisation was at N10.718 trillion, but it rose to N11.62 trillion after Buhari’s victory. The bullish phenomenon was called ‘Bullhari’. As at December 31, 2015, the market cap was down from N11.62 trillion in April to N9.85 trillion.



15

https://www.thecable.ng/revealed-investors-withdrew-n2-2trillion-from-the-nigeria-economy-in-2015 [

Booooohariiiiiioooo oooooooo

the zombies keep chatting sai baba while the economy goes into oblivion

kenai firefire anonimi

When a dullard is given power by brainless zombies the economy suffers

This is bad

rozayx5:
the zombies keep chatting sai baba while the economy goes into oblivion

kenai firefire anonimi

Leave the goats.

dont worry bubu's odour will bring them back.

Firefire:


Leave the goats.

Mogidi, Drss, Ecoterrors, Sunnyb0b0, Maclatunji, Iroh88, Emekamex, BuddahMonk, MizMyColi, Ola6,

so these people investors are not afraid of Buhari's body odour na wa ooo. #stillwaiting4change tonyebarcanista come see something

At a time when investors are running away, Anambra continues to attract investors. Their secret is simple. Their government targets mostly local/indigenous investors who truly have a stake in the development of the state.

Foreign investors have no loyalty. They run away at any sign of trouble. Even the Nigerian stock market is about 70% dominated by foreign capital. Some South African businesses have already closed down this year alone.

e don happen o! its official!! buari govt is d worst govt eva since d creation of d universe!!!!!!!!!!!!!!

rozayx5:


Mogidi, Drss, Ecoterrors, Sunnyb0b0, Maclatunji, Iroh88, Emekamex, BuddahMonk, MizMyColi, Ola6,

dis is d proper definition of One Chance!
dem vote for change, make dem enjoy dem change.

when a PHCN certificate dullard rules the people...

Ezenwammadu:
When a dullard is given power by brainless zombies the economy suffers

same time next year, zombies will travel to niger rep to look for job.
meanwhile in oda places, a.bo.kis ar burning their brooms.

Cc; lalasticlala

Buhari's slow pace of governance coupled with myriad of mistakes are to be blamed for this.

I think the reasons for their withdrawal thing is because the terms ain't no longer favorable to these "investors"... On a second taught I think Nigeria is actually going back to the drawing board to set this nation on the right part to achieving the Nigeria of our dreams. #teamGodblessNigeria

I believe in this administration...

If u did calculus, you'll understand that at the turning point, dy/dx = 0.

The Naira hit it's max or turning point at 350, now it's tending to stabilisation and it will get stabilized.

Na from clap deh dey enter dance, na sumall sumall.


They fled gold-digging investors will come begging.

as onye ausa will call it Farfagander

IBB
Abdulsalam
Obasanjo
Jonathan

These people have already Destroy Nigeria.

So we have to pay for it

PARASITIC INVESTORS 4k them

rozayx5:
the zombies keep chatting sai baba while the economy goes into oblivion

kenai firefire anonimi

"Those people moving the money are IPOB Thugs."

- APC Zombie

Hmm...Will anything good be said abt Nigeria's economy?... Or do bloggers derive joy from.all these negative write-ups?....Na who I go even ask

jcmaiah:
when a PHCN certificate dullard rules the people...

GBAM

LACK OF POLICY DIRECTION.

Baba go slow is going to go slow until he ditches the economy.

The market will always gives you an answer. As the American says 'Economy stupid'

Buhari and GEJ are not fit to be local government chairman in a proper society. When it comes to cow and fish business, those two expertise will come handy.

When Goodluck Jonathan was announced acting president of the country in 2010, following the illness and subsequent death of Umaru Yar’Adua, investing interest in Nigeria rose by N1.17 trillion. In Jonathan’s second year, and after a “successful” presidential election, investing interest rose by N396 billion to an approximate N1.6 trillion. By 2013, investing interest in Nigeria had risen by N2.65 trillion to N4.22 trillion.

This statement alone has vidincated GEJ unlike the dullard that has used his smelly body odour to chase all the investors away.

Mbamally:
IBB
Abdulsalam
Obasanjo
Jonathan

These people have already Destroy Nigeria.

So we have to pay for it

I guess you skipped Abacha and buhari because according to buhari "Abacha was not corrupt"... The same Abacha who we are still recovering stashed funds in billions almost 20 years since his death..jokers!

With this government, Things are getting worse they are not getting better.

.... But those that do know their God shall be strong and do exploits.

Because 'The name of the Lord is a strong tower a rigtheous runnett into it and save.

[color=#550000][/color]

rozayx5:
the zombies keep chatting sai baba while the economy goes into oblivion

kenai firefire anonimi

So how is it buahri's fault? U enter na make we shout sai Rozay! So u is knw hw is be!!

[size=18pt]This anti-curruption fight of apc will bring more investors into Naija than before.



To the wailers, did you all ready the economist ?[/size]