From Isaac Anumihe, Abuja
In Q3 2023, the total capital importation into Nigeria stood at US$654.65 million, lower than US$1,159.67 million recorded in Q3 2022, indicating a decline of 43.55 per cent.
This is as the total number of road traffic crashes in Q3 2023 dropped to 2,187 as against 3,412 in Q3 2022.
This was contained in a report by the National Bureau of Statistics.
However, in comparison to the preceding quarter, capital importation fell by 36.45 per cent from US$1,030.21 million in Q2 2023.
According to the bureau, other investment ranked top accounting for 77.56 per cent (US$507.77 million) of total capital importation in Q3 2023, followed by Portfolio Investment with 13.31 per cent (US$87.11 million) and Foreign Direct Investment (FDI) with 9.13 per cent (US$59.77 million).
The bureau noted that the production/manufacturing sector recorded the highest inflow with US$279.51 million, representing 42.70 per cent of total capital imported in Q3 2023, followed by the financing sector, valued at US$127.93 million (19.54 per cent), and shares with US$85.49 million (13.06 per cent).
“Capital importation during the reference period originated largely from the Netherlands with US$175.62 million, and recorded 26.83 per cent share. This was followed by Singapore with US$79.15 million (12.09 per cent) and the United States with US$67.04 million (10.24 per cent).
“Lagos State remained the top destination in Q3 2023 with US$308.83 million, accounting for 47.18 per cent of total capital importation, followed by Abuja (FCT) with US$194.66 million (29.73 per cent) and Abia State with US$150.09 million (22.93 per cent).
“Stanbic IBTC Bank Plc received the highest capital importation into Nigeria in Q3 2023 with US$222.84 million (34.04 per cent), followed by Citibank Nigeria Limited with US$190.03 million (29.03 per cent) and Zenith Bank Plc with US$83.04 (12.68 per cent)”NBS, said.
Meanwhile, the total number of road traffic crashes in Q3 2023 was 2,187, indicating a decrease of 26.29 per cent from the previous quarter (Q2) which recorded 2,967 and 35.90 per cent decrease from 3,412 in Q3 2022.
Of all crashes, serious cases stood top in Q3 2023 with 1,419 compared to fatal and minor cases with 532 and 236 respectively.
In addition, the three categories of cases recorded a decline, fatal declined by 29.63 per cent, serious declined by 26.06 per cent and minor cases declined by 19.18 per cent in the quarter under review relative to the preceding quarter.
The report also stated that a total of 743 males were killed in Q3 2023, accounting for 81.83 per cent of 908 persons killed, compared to 165 (18.17 per cent) females killed.
Also, a total of 4,625 males were injured during the period, indicating 76.56 per cent of 6,041 injured persons compared to 1,416 (23.44per cent) females injured.
“A total of 3,371 vehicles were involved in road traffic crashes in Q3 2023, lower compared to the previous quarter which recorded 4,615, indicating a decrease of 26.96. per cent.
The North-Central recorded the highest number of crashes in Q3 2023 with 880, followed by the South-West with 600, while the South-South had the least with 107.
Similarly, the North-Central recorded the highest number of casualties with 2,548, followed by the South -West with 1,802, while the South-South recorded the least with 281” the bureau, noted.