Foreign Investment In Nigeria Reaches N800billion
Foreign Direct Investments (FDI) in Nigeria has reached a record N800 billion in January this year.
The Central Bank of Nigeria’s figures for third quarter of last year showed that a total of $1.4 billion was injected into the economy through FDI while $4.6 billion came in through portfolio investments, with another $4.7 billion invested in the nation’s capital market.
The current inflows and investment commitments with different gestation periods focus on infrastructure development, construction of power plants for the enhancement of electricity generation, mining, healthcare, agriculture and agro-allied sectors of the Nigerian economy.
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