Capital Importation And Budgetary Allocation (ITC)
Capital Importation (US$ Thousand)
Investor appetite in ITC, a recovery?
Budgetary Allocation (Billion )
Capital Importation: Given the positive outlook on the ITC sector in the past few years, investments in the sector reached a 10-year peak in 2014. However, the foreign investment fell marginally in 2015 but show resurgence in 2016 possibly indicating investors rising appetite in the ITC sector.
Budgetary Allocation: Budgetary allocation for the sector increased significantly in 2016, signalling government interest in boosting ITC sector performance. Capital expenditure championed budget allocations in the sector, while recurrent spending recorded a slight decline.
Gross Federally Collected Revenue: Both oil and non-oil components of gross federal revenue fell below N40 billion in 2016, after recording a peak of N90 billion in 2013. The decline was most prominen
Tax Collected: Tax revenue which has relatively maintained an upward trend, fell considerably in 2015 and dipped significantly in early 2016 on the account of economic downturn, as many businesses sev
FDI, FPI and other Investments: The unusual fall in overall capital importation, especially in equity investment, in the late 2015 and early 2016 is attributable to the tougher macroeconomic and finan
Export and its Components: In 2015 and 2016Q1, overall export earnings declined significantly to a record low of less than $3000 million in 2016Q1, as against the peak of above $10,000 million in 2008