Bad news for Nigeria economy as FDI drops to $908m –NBS

The Nigeria bureau of statistics Wednesday delivered grim news on the Nigerian Economy, dashing the hope of many Nigerians ravaged by a rampant recession in the last two years.

Wednesday’s report by the Bureau indicates that the economy attracted its worst second investment inflow in ten years, with the country attracting a total investment of $908.27m in the first quarter of the 2017 fiscal period.

The inflow of $908.27m, when compared with the $1.55bn recorded in the last quarter of 2016, shows a decline of $640.61m.

Details to follow…

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