egbusi1:


For those trying to exonerate Nigeria government from this retrogression. Please read the bold line above.

Please who depressed Nigeria Economy if not General Buhari?

EzeNri:


Yoruba moslem, I guess you didn't read the boldened.

I don't blame Buhari sha, I blame yoruba moslems who are suposed to be wiser than the almajiris, but it appears the reverse is the case.

It is a pity 15 other countries has to suffer as a result of their zomb. iesm

Your lord & personal saviour, the ineffectual buffoon, met a GDP growth of 7.68% when he assumed office in 2010 & bastardized it to 2.36% when he left office in May 2015 despite the oil boom in his tenure! Is that an improvement of the economy or depression?

Moukandjo:





Your lord & personal saviour, the ineffectual buffoon, met a GDP growth of 7.68% when he assumed office in 2010 & bastardized it to 2.36% when he left office in May 2015 despite the oil boom in his tenure! Is that an improvement of the economy or depression?

Jonathan left the largest economy in Africa and 23rd in the world.

Thank God it is still PDP that achieved that growth rate.

They won't acknowledge this one now

Nigeria and Ghana received almost the same amount of FDI, i am not an economist but i know that doesn't mean well for us if we are to compare our population with that of Ghana.

postbox:
Foreign direct investment (FDI) flows to Africa slumped to $42 billion in 2017, a 21% decline from 2016, according to UNCTAD’s World Investment Report 2018.



Weak oil prices and harmful ongoing macroeconomic effects from the commodity bust saw flows contract in major host African economies.

“The beginnings of a commodity price recovery, as well as advances in interregional cooperation through the signing of the African Continental Free Trade Area agreement, could encourage stronger FDI flows to Africa in 2018, provided the global policy environment remains supportive,” UNCTAD Director, Division on Investment and Enterprise, James Zhan said.

FDI flows to North Africa were down 4% to $13 billion. Investment in Egypt was down, but the country continued to be the largest recipient in Africa. FDI in Morocco was up 23% to $2.7 billion, including as a result of sizeable investments in the automotive sector.

Lingering effects from the commodity bust weighed on FDI to sub-Saharan Africa, with inflows declining by 28%, to $28.5 billion. FDI flows to Central Africa decreased by 22% to $5.7 billion. FDI to West Africa fell by 11% to $11.3 billion, due to Nigeria’s economy remaining depressed. FDI to Nigeria fell 21% to $3.5 billion.

East Africa, the fastest-growing region in Africa, received $7.6 billion in FDI in 2017, a 3% decline on 2016. Ethiopia absorbed nearly half of this amount, with $3.6 billion (down 10%) and is now the second largest recipient of FDI in Africa. Kenya saw FDI increase to $672 million, up 71%, due to strong domestic demand and inflows in information and communication technology sectors.

In Southern Africa, FDI declined by 66% to $3.8 billion. FDI to South Africa fell 41% to $1.3 billion, due to an underperforming commodity sector and political uncertainty. FDI into Angola turned negative once again (down to -$2.3 billion from $4.1 billion in 2016) as foreign affiliates in the country transferred funds abroad through intra-company loans. In contrast, FDI into Zambia increased, supported by more investment in copper.

Multinational enterprises (MNEs) from developed economies (such as the United States, United Kingdom, and France) still hold the largest FDI stock in Africa. At the same time, developing-economy investors from China and South Africa, followed by Singapore, India and Hong Kong (China), are among the top 10 investors in Africa.

FDI outflows from Africa increased by 8% to $12.1 billion, reflecting a significant increase in outward FDI by South African firms (up 64% to $7.4 billion) and Moroccan firms (up 66% to $960 million). Outward FDI by Nigerian firms, in contrast, remained flat at $1.3 billion, focused almost exclusively on Africa.

FDI inflows to Africa are forecast to increase by about 20% in 2018 to $50 billion. The projection is underpinned by the expectations of a continued modest recovery in commodity prices and strengthened interregional economic cooperation. Yet Africa’s commodity dependence will cause FDI to remain cyclical.

SOURCE: https://brandspurng.com/2018-world-investment-report-foreign-direct-investment-to-nigeria-fell-by-21-to-3-5-billion-in-2017-says-united-nations-report/

Regional player...

Wonder what the projections are for the next 5 years with a stable polity..

Assume the external investments are Dangote-led ..although I thought his external investments were largely in Africa??


Stand to be corrected.


.

[quote author=mfm04622 post=68343411]I can bet NONE of you read the story before commenting. If you had read it, you would have observed that the whole continent had a negative growth for the year. [/quote
bro.... theres different between decrease in FDI and decrease in growth rate...

[quote author=Folanky post=68348870][/quote]

I meant negative growth in FDI. Not GDP.

Gucciboss:
My only interest is in East African countries. Seems they have finally discovered what the rest of Africa excluding South Africa have not be able to figure out.

That subregion is outpacing others in economic growth.

Todays economy advanacement has nothing to do with the amount of natural resources a nation owns.

The brain still remain the greatest resources a nation can posses.

All the developed economy today are techonologically advanced nations.

grandstar:


The only truly impressive one is Rwanda. Its economic reform program would make any economist proud.

Not just Rwanda. Tanzania isn't doing bad. Ethiopia too is moving at a good pace.