Nigeria Attracted N3.2 Trillion Investment in 3 Years

 

Over $20 billion (N3.2 trillion) in Foreign Direct Investment (FDI) has been attracted into the Nigerian economy in the last three years, a report by the Federal Government has revealed. During a world press conference ahead of the 24th World Economic Forum on Africa, which will be hosted by Nigeria in 2014, the FG noted that the invested sum represents 10 percent of the entire African continent. Dr. Ngozi Okonjo-Iweala, Coordinating Minister for the Economy and Finance Minister, told journalists that the World Economic Forum would help to attract more investments into the country. She noted that hosting the event in the country would not only help attract FDI but would also ensure that such investments are “broad based.” “The WEF is an organisation that has been in existence for more than 25 years. The reason and objectives is to bring together top-class chief executive officers of big organisations in the world together with government in order to forge partnership that can lead to investments to the improvement of the private sector in given countries so that you can have improved job creation and improvement of standards of living. “We are very honoured and it’s very clear the reason why Nigeria made the list of this conference and the reason is that they find it very fascinating the developments that are happening in the Nigerian economy,” she explained.  

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This article was first published on 11th November 2013

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