Foreign investment in Nigeria hits $9billion

Nigeria’s Foreign Direct Investment (FDI) hit $8.9 billion in 2011.

That’s according to the Minister of Trade and Investment, Dr Olusegun Aganga.

The figure represents 16 per cent of Africa’s total FDI of $55 billion in 2011, making it the leading investment destination in Africa.

Mr Aganga attributed the increase to growing investor confidence.

According to him, the federal government is committed to consolidating on the gains so far recorded by strengthening the one-stop investment centre of the Nigeria Investment Promotion Commission (NIPC).