Post Image
1-image   It has been reported that the Nigerian oil and gas sector has attracted foreign investments totalling N52.921 billion in the last 15 months, according to data gathered and a report released by the National Bureau of Statistics titled: “Nigerian Capital Importation: summary report 2007 – 2014”. The oil and gas sector recorded up to $129.621 million in foreign investments in 2013 and $201.136 million in the first quarter of 2014. The report further revealed that the Nigerian oil and gas sector attracted FDI totaling $714.258 million, about N114.281 billion between 2009 and the first quarter of 2014. A breakdown of the figure revealed that in 2009, FDI in the oil and gas sector stood at $114.356 million, dropping by 82.17 per cent from $641.266 million recorded in 2008.In 2010, total capital importation in the oil and gas sector stood at $89.449 million, $22.924 million in 2011; $156.772 million in 2012 and $129.620 million in 2013. Overall, the NBS report noted that total capital importation in the Nigeria for 2009 stood at $5.703 billion, in 2010; $5.996 billion, in 2011; $7.904 billion, in 2012; $16.616 billion, in 2013; $21.318 billion, and first quarter 2014; $3.905 billion. To this end, the oil and gas sector accounted for 2.005 per cent of the total capital importation into the country in 2009; 1.49 per cent of the total in 2010; 0.29 per cent of the total capital importation in 2011; 0.94 per cent of the total in 2012; 0.61 per cent in 2013 and 5.15 per cent of the total in the first quarter of 2014.

You might also like:
This article was first published on 20th May 2014

Comments (1)

One thought on “Nigerian Oil and Gas Sector Attracts N52.921 Billion in Past 15 Months”


  • Special Offer’ Nigeria Custom cars for sale; 1st Hand New Tokunbo cars for sale here in Nigeria> CALL 08136968286:
    this car are seized by different custom officers
    for illegal importation of this cars to the country; if you are interested in owning a very sound car
    at a very cheap rate; Rating from #180,000 upward; This a great Opportunity, don’t let this pass by you”
    This car are in different ports and Borders in Nigeria, this is a give-away price for all
    the sized cars by the custom officers at a very cheap rate. Also we are in sale of cars from Importers, and other car manufacturing
    companies oversea.
    There are lot of cars ranging from: Toyota;Acura SUV;Mercedes Benz;Honda;Busses;Trucks;Vans,Bulldozer,Tractors,
    Ford SUV;Hyundai;Suzuki;Nissan;Power-Bikes. E.T.C

    If you are of interest in owning your personal car at Little cost call the Customs officers Agent for a real connection to get your dream car at Little cost.

    NOTE: Offer Valid While Stock Last; Money back guarantee:
    You Can Reach us Via Mail On: Customs.carclearingagent@gmail.com.
    S.customcars@yahoo.com.
    Via Mobile On: 08136968286

Leave a Reply

Your email address will not be published. Required fields are marked *