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South East, North East Attract $0 Into Nigeria In Q3, South West Rakes $5bn by dipoolowoo: 3:16pm On Dec 12, 2019 |
By Adedapo Adesanya Some days ago, the National Bureau of Statistics (NBS) released data on Capital Importation into Nigeria in the third quarter of 2019, and an investigation done by Business Post showed that out of the total of $5.368 billion attracted into the country through foreign investments in the period, the South East and North East regions of the nation contributed zero Dollar to the amount. This means that none of the five states in the South Eastern region of Nigeria; Abia, Anambra, Ebonyi, Enugu, and Imo attracted any form of investment in the third quarter of this year, just like the six states in the North Eastern territory; Adamawa, Bauchi, Borno, Gombe, Taraba, and Yobe. ALSO READ Index Sheds 1.99% as NSE Records N12.3b Transactions A further analysis carried out by Business Post indicated that out of the 36 states and the Federal Capital Territory, Abuja, only eight states brought in foreign investments in the country, while the 29 other states recorded zero capital importation in Q3 ’19. In the South West, only three out of the six states attracted an aggregate of $4.985 billion, with Lagos State taking the lion share as usual, both in the region and the country as a whole. Lagos attracted investments worth $4.976 billion, followed by Ogun and Oyo States which recorded $7 million and $1.7 million respectively. The trio of Osun, Ondo, and Ekiti contributed nothing. ALSO READ Osinbajo Heads First Economic Management Team Moving to the South-South zone, also known as Niger Delta, only two out of the six states contributed the $860,000 that came in as foreign investment to the region despite being highly rich in crude oil, Nigeria’s main source of foreign exchange. Edo brought in a total of $830,000 followed by Rivers with $30,000 while Delta, Cross River, Bayelsa, Akwa Ibom, and Bayelsa added nothing. In the North-Central, the input of the FCT at $381.2 million was the only investment that came from the region, while states such as Kogi, Plateau, Kwara, Benue, Nasarawa, and Niger had no foreign investment in the period under review, according to the stats office. For North West, only Kano and Kaduna States made contributions to capital inflow in Q3 2019, with the latter bringing in $250,000 worth of foreign investments and the former, Kano, raking $160,000. Other states in the geopolitical zone, Sokoto, Jigawa, Kebbi, Zamfara, and Katsina had no inflow into the country. ALSO READ Nigeria Won’t Be In Recession For Long—Atiku According to the NBS, Nigeria recorded a decline in capital importation in the third quarter of 2019. It was stated that the investment inflows of $5.4 million was 7.8 percent lower than the $5.8 billion attracted in the second quarter of this year, but 87.9 percent higher than the Q3, 2018 figures. https://businesspost.ng/economy/south-east-north-east-attract-0-into-nigeria-in-q3-south-west-rakes-5bn/ 6 Likes 1 Share |
Re: South East, North East Attract $0 Into Nigeria In Q3, South West Rakes $5bn by Simplyleo: 3:30pm On Dec 12, 2019 |
Hmmm So the north east with crippled economy owing to the activities of boko haram is on same contributry level with south east despite the peace? No wonder, some human beings are always migrating from some barren regions to the fertile one. 49 Likes 5 Shares |
Re: South East, North East Attract $0 Into Nigeria In Q3, South West Rakes $5bn by Eteka1(m): 3:36pm On Dec 12, 2019 |
All talk and no action. 6 Likes 1 Share |
Re: South East, North East Attract $0 Into Nigeria In Q3, South West Rakes $5bn by helinues: 3:45pm On Dec 12, 2019 |
hahahahaha A whole developers of the world. It's really true that empty barrel makes the most noise.. 28 Likes 5 Shares |
Re: South East, North East Attract $0 Into Nigeria In Q3, South West Rakes $5bn by celeiyke: 3:49pm On Dec 12, 2019 |
Bazamfare: You created a moniker to insult Igbo on a daily basis? Nyamuri this nyamuri that. Are You sure you are mentally balanced? 55 Likes 3 Shares |
Re: South East, North East Attract $0 Into Nigeria In Q3, South West Rakes $5bn by valarmorghulis: 3:50pm On Dec 12, 2019 |
Na them make mouth pass, them develop the whole Nigeria but forget their own region 33 Likes 5 Shares |
Re: South East, North East Attract $0 Into Nigeria In Q3, South West Rakes $5bn by jahsharon: 3:57pm On Dec 12, 2019 |
Since the South East-drug cartel has been busted by the FBI in US and Nigeria, don't expect a single dollar into Biafran territory. Even Xmas has been postponed in Biafraland. 27 Likes 4 Shares |
Re: South East, North East Attract $0 Into Nigeria In Q3, South West Rakes $5bn by rdokoye: 3:58pm On Dec 12, 2019 |
valarmorghulis: It said, FOREIGN investment. Igbo people investing in Igboland, which happens all the time, does not constitute foreign investment. 14 Likes 2 Shares |
Re: South East, North East Attract $0 Into Nigeria In Q3, South West Rakes $5bn by conductor250: 4:07pm On Dec 12, 2019 |
Igboland contributed nothing? OK. We have heard. This is more reason why Fraudgerians should not fret when Biafra is mentioned yet you find Yoromoozlemz and Almajri Northerners screaming like headless chickens if somebody mistakenly says BIAFRA or IPOB. 31 Likes 5 Shares |
Re: South East, North East Attract $0 Into Nigeria In Q3, South West Rakes $5bn by Agboriotejoye(m): 4:18pm On Dec 12, 2019 |
Bazamfare:How interesting to see northerners who contribute nothing but poverty, disease and death to Nigeria insulting other tribes who are doing better than them even in the remotest part of the northern region? 24 Likes 3 Shares |
Re: South East, North East Attract $0 Into Nigeria In Q3, South West Rakes $5bn by Nexus25(f): 4:37pm On Dec 12, 2019 |
Foreign investments? Igbos have taken all the opportunities in their land, foreign investors can't compete with them. 31 Likes 2 Shares |
Re: South East, North East Attract $0 Into Nigeria In Q3, South West Rakes $5bn by celeiyke: 4:58pm On Dec 12, 2019 |
Agboriotejoye: That guy is not a northerner! 3 Likes 1 Share |
Re: South East, North East Attract $0 Into Nigeria In Q3, South West Rakes $5bn by Simplyleo: 5:00pm On Dec 12, 2019 |
[s] celeiyke:[/s] Very fast in accusing others of exactly what they do. He creates moniker everyday, at least it is once per day. Now compare that with one of you that has created over 180 monikers within 5 weeks. 15 Likes 3 Shares
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Re: South East, North East Attract $0 Into Nigeria In Q3, South West Rakes $5bn by Sirjamo: 5:03pm On Dec 12, 2019 |
I can assure you, this thread will be very dry. However, the fact that some region failed to attract investment is not something to celebrate, foreign or local investments in every part of Nigeria would be good for all of us. 4 Likes 1 Share |
Re: South East, North East Attract $0 Into Nigeria In Q3, South West Rakes $5bn by Omoodua007: 5:03pm On Dec 12, 2019 |
Looool This is why I can’t take the Igbo serious Very broke people 11 Likes 2 Shares |
Re: South East, North East Attract $0 Into Nigeria In Q3, South West Rakes $5bn by Simplyleo: 5:04pm On Dec 12, 2019 |
[s] rdokoye:[/s] Explanation! explanation!! explanation!!! 4 Likes 2 Shares |
Re: South East, North East Attract $0 Into Nigeria In Q3, South West Rakes $5bn by eagleu: 5:06pm On Dec 12, 2019 |
With police, army, and customs suppression, and don't mention the neglect of federal roads and infrastructure, why would anyone expect foreign investment in SE! 1 Like |
Re: South East, North East Attract $0 Into Nigeria In Q3, South West Rakes $5bn by Deepfeel(m): 5:06pm On Dec 12, 2019 |
Bazamfare:Cornhead grave digger human body part merchant Fulani slaves verbal warriors , shut up , we own Lagos , Lagos is our market, we built that market 10 Likes 2 Shares
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Re: South East, North East Attract $0 Into Nigeria In Q3, South West Rakes $5bn by Deepfeel(m): 5:12pm On Dec 12, 2019 |
Omoodua007: We are not like you afonjas who sell lands to none indigene to build houses and make you tenants in your own lands, we don't need foreign investors in our lands we will invest in our lands ourselves, 13 Likes 1 Share |
Re: South East, North East Attract $0 Into Nigeria In Q3, South West Rakes $5bn by BeLookingIDIOT(m): 5:15pm On Dec 12, 2019 |
helinues:Developers getting developed,isn't that contradictory? We do not need foreign investments,we are the foreign investments others need. Thats why we are called the DEVELOPERS and CHOSEN people. This further proves it. 2 Likes |
Re: South East, North East Attract $0 Into Nigeria In Q3, South West Rakes $5bn by NGpatriot: 5:18pm On Dec 12, 2019 |
BeLookingIDIOT: The joke flew over your head... 6 Likes 3 Shares |
Re: South East, North East Attract $0 Into Nigeria In Q3, South West Rakes $5bn by helinues: 5:19pm On Dec 12, 2019 |
BeLookingIDIOT: What is this one saying? You do not need foreign investments just like saying African countries do not need financial aid from foreign country. Stop watching NTA 5 Likes 3 Shares |
Re: South East, North East Attract $0 Into Nigeria In Q3, South West Rakes $5bn by BeLookingIDIOT(m): 5:20pm On Dec 12, 2019 |
Agboriotejoye:Keep quiet! They've contribute positively more than flathéads 4 Likes 2 Shares |
Re: South East, North East Attract $0 Into Nigeria In Q3, South West Rakes $5bn by denko(m): 5:21pm On Dec 12, 2019 |
These revenue that came through Lagos is as a result of politics of the government to dwarf all the port in south south and allow only Lagos port to thrive. These investments you mention above came to which sector, if you do critical analysis on them you will discover that they are mainly oil and gas that want their headquarters to be in Lagos instead of where these gas are explore from. When we say Nigeria need restructuring this is part of it. 1 Like |
Re: South East, North East Attract $0 Into Nigeria In Q3, South West Rakes $5bn by Agboriotejoye(m): 5:24pm On Dec 12, 2019 |
BeLookingIDIOT:Bros belooking_idiot, go to remote villages in the far north, you'll see so called flat_heads running groceries and medicine shops and thus improving the standard of living of the people there. Without them, those villagers will never have seen what a bottle of coke looks like 4 Likes |
Re: South East, North East Attract $0 Into Nigeria In Q3, South West Rakes $5bn by obidark: 5:24pm On Dec 12, 2019 |
this south easterners sef.... for people that contribute nothing,they make noise the most.... 15 Likes 5 Shares |
Re: South East, North East Attract $0 Into Nigeria In Q3, South West Rakes $5bn by denko(m): 5:24pm On Dec 12, 2019 |
By the time Nigeria is restructure Warri port Okrika port (Nigeria first port) Portharcourt port Calabar port will fully be operational and see how Lagos will look like denko: 2 Likes |
Re: South East, North East Attract $0 Into Nigeria In Q3, South West Rakes $5bn by obidark: 5:26pm On Dec 12, 2019 |
Deepfeel: we are not gonna accept insults from you south easterners no more.... we know you shoutin,you develope everywhere is a farce.... 13 Likes 4 Shares |
Re: South East, North East Attract $0 Into Nigeria In Q3, South West Rakes $5bn by denko(m): 5:26pm On Dec 12, 2019 |
The only zone that feed Nigeria is south south and no other. obidark: 1 Like |
Re: South East, North East Attract $0 Into Nigeria In Q3, South West Rakes $5bn by obidark: 5:27pm On Dec 12, 2019 |
denko: we have been hearin this bullshitt from una for years and still nothing to show for it.... 12 Likes 4 Shares |
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