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Foreign Consortium To Invest $100 BILLION In Nigeria by Rossikk(m): 5:56pm On Apr 24, 2013 |
[size=15pt]Foreign Consortium Plans $100 BILLION Investment In Nigeria[/size] APRIL 24, 2013 BY IFEANYI ONUBA, Punch Newspapers, ABUJA The investment drive of the Federal Government has received a boost as a team of foreign investors has indicated their intention to invest $100bn (N15.8tn) in key sectors of the Nigeria economy. This was disclosed by Chief Tony Hicks of Anita Energy Limited, when he led a 10-man delegation on a visit to the Deputy Governor of the Central Bank of Nigeria, Mr. Kingsley Moghalu. A statement from the CBN on Tuesday stated that Hicks informed the CBN deputy governor that the purpose of the team’s visit was to bring massive investment that would add value to the transformation agenda of the Federal Government. The key areas where the fund would be invested, he said, were oil and gas infrastructure, power generation, fast speed train, telecommunications and the establishment of a merchant bank. He added that the investment would be done in partnership with APEC Logic Investment Limited, an Australian funding investment partner, and SINOPEC, one of the largest oil and gas corporations in China. The statement further stated that Moghalu informed the delegation that foreign investment in Nigeria could only be meaningful if it addressed skills and infrastructural development. He explained that the CBN had undertaken reforms of the banking sector to make it strong, resilient and able to serve the needs of the real economy. This, he noted, was a total departure from the past where some individuals enriched themselves to the detriment of the economy. Moghalu informed the team of investors that there was a confluence between the banking reforms and the desire of the investors to establish merchant banks expected to facilitate concrete investment in Nigeria. This, he observed, would strengthen the relationship between the financial sector and real economy, adding that the CBN, as economic adviser to the government, had advocated structural reform of the economy. He promised the delegation that the bank would provide the needed support to ensure that the planned investment bore fruits and process the banking licence application, provided the necessary requirements were met. Moghalu reiterated that one of the four pillars of the banking reform was enhancing the quality of banks and financial stability through the creation of the Assets Management Corporation of Nigeria, which absorbed the toxic assets of Deposit Money Banks. He observed that the banks now had a clean balance sheet and were able to lend to the economy again. http://www.punchng.com/business/business-economy/foreign-consortium-plans-fresh-100bn-investment-in-nigeria/ |
Re: Foreign Consortium To Invest $100 BILLION In Nigeria by Nobody: 6:19pm On Apr 24, 2013 |
This is HUGE!! I hope the consortium will eventually pull this off. $100bn investment (1/3 of Naija's GDP) is not a small thing. 1 Like |
Re: Foreign Consortium To Invest $100 BILLION In Nigeria by Goddex: 6:34pm On Apr 24, 2013 |
The Nigerian economy is the toast of investors around the world. Thanks to a sound management of the economy by a sound economic team. Weldone GEJ, Weldone Okonjo - Iweala, Weldone Aganga. 12 Likes |
Re: Foreign Consortium To Invest $100 BILLION In Nigeria by Gooogle(m): 6:46pm On Apr 24, 2013 |
How much is the price of crayfish at the stock exchange abeg. 14 Likes |
Re: Foreign Consortium To Invest $100 BILLION In Nigeria by phlamy(m): 6:47pm On Apr 24, 2013 |
Gooogle: How much is the price of crayfish at the stock exchange abeg. But i dont think they sell crayfish there oo bros. But i will ask for you 4 Likes |
Re: Foreign Consortium To Invest $100 BILLION In Nigeria by phantom(m): 6:51pm On Apr 24, 2013 |
This is not small money o!just hope this is not 'paper' investment? |
Re: Foreign Consortium To Invest $100 BILLION In Nigeria by Gooogle(m): 6:51pm On Apr 24, 2013 |
phlamy: Abeg, try. I need half cup make I use am toast this my coconut rice. |
Re: Foreign Consortium To Invest $100 BILLION In Nigeria by phantom(m): 6:55pm On Apr 24, 2013 |
Gooogle:lol....mad man! 1 Like |
Re: Foreign Consortium To Invest $100 BILLION In Nigeria by vosquare: 7:09pm On Apr 24, 2013 |
... 1 Like |
Re: Foreign Consortium To Invest $100 BILLION In Nigeria by IleIfe2(m): 7:09pm On Apr 24, 2013 |
Nice, 2 Likes |
Re: Foreign Consortium To Invest $100 BILLION In Nigeria by Nobody: 7:11pm On Apr 24, 2013 |
. |
Re: Foreign Consortium To Invest $100 BILLION In Nigeria by Nobody: 7:12pm On Apr 24, 2013 |
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Re: Foreign Consortium To Invest $100 BILLION In Nigeria by Nobody: 7:13pm On Apr 24, 2013 |
I'm particularly excited by the power generation and high-speed rail aspects of this proposed investment. 1 Like |
Re: Foreign Consortium To Invest $100 BILLION In Nigeria by Nobody: 7:13pm On Apr 24, 2013 |
how much dem won share? i hope say e go reach our side for agege here 2 Likes |
Re: Foreign Consortium To Invest $100 BILLION In Nigeria by Nobody: 7:13pm On Apr 24, 2013 |
I hope it's not another Indian slave master? We are tired of modern slavery |
Re: Foreign Consortium To Invest $100 BILLION In Nigeria by chreldb(m): 7:16pm On Apr 24, 2013 |
They should look away from oil and gas sector and concentrate on the other areas that they are interested in. The oil and gas infrastructure in Nigeria does not need too much attention. It is satisfactorily developed and is even at par with world standards (I think). What will benefit the Nigerian economy the most would be power generation and fast speed trains. 6 Likes |
Re: Foreign Consortium To Invest $100 BILLION In Nigeria by hishandmaid(f): 7:21pm On Apr 24, 2013 |
Nice paper documentation (not to sound persimisstic) & report but I hope we Nigerians will not only hear but will also see where this $100b will be invested. God bls Nigeria. 4 Likes |
Re: Foreign Consortium To Invest $100 BILLION In Nigeria by Chanchit: 7:21pm On Apr 24, 2013 |
Goddex: The Nigerian economy is the toast of investors around the world. Thanks to a sound management of the economy by a sound economic team. Weldone GEJ, Weldone Okonjo - Iweala, Weldone Aganga. You never talk wetin dey do you. 1 Like |
Re: Foreign Consortium To Invest $100 BILLION In Nigeria by Nobody: 7:24pm On Apr 24, 2013 |
Let's watch them and hope is not another false hope to nigerians... Anyway work go plenty shaa for future, if u neva arm urself wiv certificates beta do so now #youngnigerians 1 Like |
Re: Foreign Consortium To Invest $100 BILLION In Nigeria by cashmentor(m): 7:27pm On Apr 24, 2013 |
************ e Be like say they wan to tell us wetin we never hear before..........GejBaba dey thiar, plussy many baba dey hiar dabadabadapte dabadapte********* Nor be Small thing O! 1 Like |
Re: Foreign Consortium To Invest $100 BILLION In Nigeria by ckkris: 7:30pm On Apr 24, 2013 |
Goddex: The Nigerian economy is the toast of investors around the world. Thanks to a sound management of the economy by a sound economic team. Weldone GEJ, Weldone Okonjo - Iweala, Weldone Aganga.But keep an eye on those that insist on making Nigeria ungovernable, and as they can't, they might as well try to keep the economy as unviable as they 've made NEPA. 4 Likes |
Re: Foreign Consortium To Invest $100 BILLION In Nigeria by 50calibre(m): 7:33pm On Apr 24, 2013 |
I hope they would be mandated to abide by trading regulations in Nigeria and haven't come to exploit the failing system. 1 Like |
Re: Foreign Consortium To Invest $100 BILLION In Nigeria by Ajengb: 7:33pm On Apr 24, 2013 |
Transformation agenda on point-GEJ |
Re: Foreign Consortium To Invest $100 BILLION In Nigeria by chukxie(m): 7:34pm On Apr 24, 2013 |
The Chinese are investing in every economy they see an opening to make more money and to satisfy their thirst for energy that would drive their economy into possibly becoming the largest in the world. They're smart. I hope our government would make this proposed investment a win-win one so that we as a nation do not lose out. 1 Like |
Re: Foreign Consortium To Invest $100 BILLION In Nigeria by Nobody: 7:35pm On Apr 24, 2013 |
Hope it does not tow the same path as its antecedents! 3 Likes |
Re: Foreign Consortium To Invest $100 BILLION In Nigeria by Marpol: 7:36pm On Apr 24, 2013 |
chreld_b: They should look away from oil and gas sector and concentrate on the other areas that they are interested in. The oil and gas infrastructure in Nigeria does not need too much attention. It is satisfactorily developed and is even at par with world standards (I think). What will benefit the Nigerian economy the most would be power generation and fast speed trains. You too much! Take five |
Re: Foreign Consortium To Invest $100 BILLION In Nigeria by AMEBO2BUSY: 7:43pm On Apr 24, 2013 |
CFCfan: I'm particularly excited by the power generation and high-speed rail aspects of this proposed investment.Power sector GEJ passed 60%.GEJ,is workin if he didn't tackle corruption all amt to nothing and 2015 is '0' 4 him. |
Re: Foreign Consortium To Invest $100 BILLION In Nigeria by Nobody: 7:43pm On Apr 24, 2013 |
THIS IS A BIG FAT LIE - AN ATTEMPT BY THE GOVERNMENT TO MAKE IT LOOK LIKE "FOREIGN INVESTORS" WANT TO INVEST IN NIGERIA. $100 BILLION NA BEANS TO JUST COME POUR FOR NAIJA WITH ALL THE PROBLEMS? WHEN WILL THE INVESTORS REASLISE THE CAPITAL TALK MORE OF PROFIT...NA LIE JOR! ONLY FOR THE GULLIBLE TO BELIEVE ANYTHING IN PRINT OR INTERNET MEDIA 2 Likes |
Re: Foreign Consortium To Invest $100 BILLION In Nigeria by 360command: 7:48pm On Apr 24, 2013 |
The question is WHEN WILL THEY BECOMING TO INVEST FULLY? |
Re: Foreign Consortium To Invest $100 BILLION In Nigeria by Nobody: 7:49pm On Apr 24, 2013 |
Some good news here @Rossikk. Although it is difficult to see just how a company the size of Anita Energy Ltd can possibly lead a consortium of investors with as much as $100 billion dollars to spend, I will keep the faith for now Anita Energy Ltd is an Active business incorporated in England & Wales on 5th June 2002.Source 4 Likes |
Re: Foreign Consortium To Invest $100 BILLION In Nigeria by otokx(m): 7:50pm On Apr 24, 2013 |
The lies are getting bigger and bigger by the day. 5 Likes |
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