Nigeria has recorded a notable influx of foreign capital from Niger, amounting to $15.27 million in the third quarter of 2023, despite the political upheaval caused by the coup in Niger.
The capital importation report by the National Bureau of Statistics (NBS) highlights the unexpected resilience in economic ties between the two nations.
The latest figures reveal a significant increase in foreign capital from Niger to Nigeria, marking a 663.5% surge compared to the $2 million recorded in Q4 2021 (that was the last time Nigeria recorded capital inflow from Niger before Q3 2023 according to NBS data).
This influx is noteworthy, given the strained bilateral relationship following the coup that led to the ousting of democratically elected President Mohamed Bazoum and subsequent international condemnation.
https://nairametrics.com/2023/12/31/nig ... pite-coup/
Nigeria gets $15.27 million foreign capital from Niger in Q3 2023 despite coup
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