Capital Importation And Budgetary Allocation
Capital Importation (US$ Thousand)
What happened in late 2015?
Budgetary Allocation (Billion )
Budgetary allocation for agriculture rise in 2016
Capital Importation: Foreign investment into the agricultural sector was relatively flat between 2007 and 2012 but gained unusual momentum in September 2015. The spike in 2015 is likely driven by the rise in investor confidence in line with the new governments strong stance on devaluation.
Budgetary Allocation: The proportion of the national budget allocated to the agricultural sector, which fell deeply in 2015, was increased in 2016, in both recurrent and capital expenditure in the sector. This is attributable to the present governments commitment to agriculture.
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
Balance of Trade (Export and Import): With export and, to lesser extent, import declining balance of trade fell deeply in 2015 and, to lesser extent, in 2016Q1.
Capital Importation: Overall capital imported into the manufacturing sector fell deeply in 2015 and has remained low in 2016H1 on the account of present FOREX issues affecting businesses in the sector
Capital Importation: Investment in the oil and gas sector has remained low since 2009. However, investments into the sector fell more deeply in 2015, on the account of persistent global and domestic c