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Ghana Overtakes Nigeria In Foreign Investment - Politics - Nairaland

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Ghana Overtakes Nigeria In Foreign Investment by mekaboy(m): 9:36am On Jan 23, 2019
Ghana was West Africa’s largest recipient of foreign direct investment in 2018, a new report by the United Nations Conference on Trade and Development (UNCTAD) has shown.

The report titled ‘UNCTAD Global Investment Trends Monitor’, which was released on Monday, said Nigeria recorded a 36% decline in FDI in 2018.

Foreign direct investments are investments made by a firm or individual into business interests located in another country. It differs from portfolio investments in that FDIs includes establishing ownership or controlling interest while investors only buy equities in foreign companies in the latter.

“Africa registered a 6% increase in FDI inflows in 2018 (US$40billion, up from a revised US$38 billion in 2017), but the growth was concentrated in few economies and the aimed for the shift from the natural resources dominated FDI profile of the continent towards a more balanced sectoral distribution was only partially visible, in that the relatively diversified economies, such as Egypt and South Africa, saw more stable and increasing FDI inflows,” the report read.

“Egypt with an increase of 7% from $7.4 billion to $7.9 billion, was the biggest recipient of FDI in Africa in 2018 with investments in real estate, food processing, oil and gas exploration and renewable energy.

“In contrast, flows to the two largest oil producers of the continent, Nigeria (-36% to $2.2 billion) and Angola were low, with a decline and a net divestment respectively.

“In West Africa, Ghana ($3.3 billion) overtook Nigeria as the largest recipient of FDI in 2018. However, Nigeria reported a few significant greenfield project announcements in the oil and gas and chemical sectors, which could lead to a recovery in 2019.”

According to the report, the drop in FDI was most felt in developed economies, where inflows fell by 40%.

The dip recorded globally has brought FDI to the low point it reached after the global financial crisis.The
https://www.thecable.ng/ghana-overtakes-nigeria-as-west-africas-largest-fdi-recipient-in-2018
Re: Ghana Overtakes Nigeria In Foreign Investment by deboysben(m): 9:37am On Jan 23, 2019
And they want this evil government to return for the second time.
With the pain of increasing it to the NEXT LEVEL

13 Likes 1 Share

Re: Ghana Overtakes Nigeria In Foreign Investment by freshngwaboy(m): 9:38am On Jan 23, 2019
sai baba

3 Likes

Re: Ghana Overtakes Nigeria In Foreign Investment by ceejayMAX(m): 9:39am On Jan 23, 2019
See wetin this mumu dey cause

14 Likes 2 Shares

Re: Ghana Overtakes Nigeria In Foreign Investment by magoo10(m): 9:41am On Jan 23, 2019
Buhari olodo result don show
He has failed

Should we then reinforce failure? NO

13 Likes 2 Shares

Re: Ghana Overtakes Nigeria In Foreign Investment by mekaboy(m): 9:43am On Jan 23, 2019
That is what happens when u have a LIFELESS cabal run economy. Imagine investors now prefer to invest in a country with the population of Lagos alone than a country of over 180 million. All because we have who as president?

5 Likes

Re: Ghana Overtakes Nigeria In Foreign Investment by Racoon(m): 9:44am On Jan 23, 2019
Another negative for Nigeria. sad And the Buhari-led APC government with their allied zombies claimed that Nigeria have taken its rightful place in the committee of nations?

That investors and Nigerians abroad are coming in droves because Nigeria is now Eldorado?

15 Likes 1 Share

Re: Ghana Overtakes Nigeria In Foreign Investment by Nobody: 9:51am On Jan 23, 2019
This lifeless president is fast taking Nigeria back to stone age! Iet's send him back to Daura...

3 Likes

Re: Ghana Overtakes Nigeria In Foreign Investment by SalamRushdie: 9:55am On Jan 23, 2019
there is no country on Africa that should exceed Nigeria in FDI but due to the Dullard we now have in power even little Ghana is now seen as a better investment location than Nigeria and you can't hold anyone to blame but Buhari

7 Likes 1 Share

Re: Ghana Overtakes Nigeria In Foreign Investment by Kagawa10: 10:00am On Jan 23, 2019
Why not? When they have good roads, adequate electric supply, good railway system etc. Which investor would leave his eldarado of a country to do suffer head in a poverty country like Nigeria? E no go well with Jonathan and Pdp.

Atiku, neva again

3 Likes

Re: Ghana Overtakes Nigeria In Foreign Investment by nameo: 10:03am On Jan 23, 2019
Such a pity.

Buhari....SMDH
Re: Ghana Overtakes Nigeria In Foreign Investment by mekaboy(m): 10:04am On Jan 23, 2019
Kagawa10:
Why not? When they have good roads, adequate electric supply, good railway system etc. Which investor would leave his eldarado of a country to do suffer head for a poverty country like Nigeria? E no go well with Jonathan.

Investors are after profit and not roads. Nigeria had more FDI under GEJ. Do you think investors don't watch Nigerian news and interviews with Buhari?

When MTN, Shop rite Etc came into Nigeria, was Buhari president? Was it roads that brought them?

If the president of US allegedly referred to him as LIFELESS, what do you think investors will see him as?

Investors have to be sure of the president they are dealing with. When the wife of the president tells the world he is not in charge, investors won't want to gamble in such a place.

The only investors waxing strong in Nigeria are herdsmen.

12 Likes 1 Share

Re: Ghana Overtakes Nigeria In Foreign Investment by Kagawa10: 10:15am On Jan 23, 2019
mekaboy:


Investors are after profit and not roads. Nigeria had more FDI under GEJ. Do you think investors don't watch Nigerian news and interviews with Buhari?

When MTN, Shop rite Etc came into Nigeria, was Buhari president? Was it roads that brought them?

If the president of US allegedly referred to him as LIFELESS, what do you think investors will see him as?

The only investors waxing strong in Nigeria are herdsmen.

Crude oil was selling at a high rate of 110 dollars under Jonathan. Compare that to the 50 dollar rate under Buhari. This administration is earning 60% less than the previous regime yet you want miracle? Are they magicians.

Fact is, every country is suffering from recession due to fall in the price of crude oil, even Canada just got out of recession. The point is at a time of this sweeping recession, only adequate infrastructure would make investors stay back and endure in such country, not a poverty country with poor infrastructure as Nigeria.

2 Likes

Re: Ghana Overtakes Nigeria In Foreign Investment by kric: 10:31am On Jan 23, 2019
pls am precious I need a job just have Olevel resides in port Harcourt anything will do if you have anything just text dis number 09054029661
Re: Ghana Overtakes Nigeria In Foreign Investment by mekaboy(m): 10:38am On Jan 23, 2019
Kagawa10:

Crude oil was selling at a high rate of 110 dollars under Jonathan. Compare that to the 50 dollar rate under Buhari. This administration is earning 60% less than the previous regime yet you want miracle? Are they magicians.

Fact is, every country is suffering from recession due to fall in the price of crude oil, even Canada just got out of recession. The point is at a time of this sweeping recession, only adequate infrastructure would make investors stay back and endure in such country, not a poverty country with poor infrastructure as Nigeria.

Use your brain, are investors going to Ghana for crude oil? Did MTN come to Nigeria because of crude oil?

It's confidence in the leadership of the country that drives investors. Will you put your money in a bank where the MD is always accusing the staff of theft?

How many times have u heard Ghana president call Ghanaians lazy or corrupt?

Why will an investor choose to invest in a country of 20 million over 200 million if not bad leadership?

11 Likes 1 Share

Re: Ghana Overtakes Nigeria In Foreign Investment by SalamRushdie: 10:45am On Jan 23, 2019
Kagawa10:
Why not? When they have good roads, adequate electric supply, good railway system etc. Which investor would leave his eldarado of a country to do suffer head in a poverty country like Nigeria? E no go well with Jonathan and Pdp.

Atiku, neva again

Wetin concern investors with your road and where is the road the Dullard is building ...You keep saying Never Atiku but has Atiku ever been president? Hell No ., Has Atiku ever been a signatory to any govt account ? Hell No!!!! but rather it's you dullard Buhari that has failed as head of state in 1983 and now again in 2019 he has failed ...Buhari has held more executive positions in Nigeria than anyone yet you want to Aboslve him of the blame...NEVER AGAIN Buhari!!!!!

13 Likes 2 Shares

Re: Ghana Overtakes Nigeria In Foreign Investment by Kingsleydr(m): 10:48am On Jan 23, 2019
Vvv
Re: Ghana Overtakes Nigeria In Foreign Investment by Kagawa10: 11:02am On Jan 23, 2019
mekaboy:


Use your brain, are investors going to Ghana for crude oil? Did MTN come to Nigeria because of crude oil?

It's confidence in the leadership of the country that drives investors. Will you put your money in a bank where the MD is always accusing the staff of theft?

How many times have u heard Ghana president call Ghanaians lazy or corrupt?
Wee you keep quiet? Look at this dunce.

At this time of recession, if an Investor's cost of production barely increased from 10-15 due to him having adequate power supply, good transport system, low energy cost etc eventhough his profits reduced from 50-30, I can assure you he would still manage to survive and endure till everything returns to normal.

Compare that to an investor in Nigeria, whose cost of production is already high due to lack of good infrastructures. When you add that to the recession we have now, his cost of production would probably increase from 30-40 while gaining a profit of 5% in return. Would such investor stay back? That's not to mention the cost of running his own home and stuff in a dilapidated country yet your brain expect such investor to stay back?

Moreso, If our foreign reserves wasn't looted by Jonathan from $48b to $26b, if the eediot had managed to add in more reserve at the time oil was selling at $110 rate instead of looting the little we had, our naira-dollar exchange rate wouldn't nosedive like we have now.

Abeg, some people should get sense this new year.
Re: Ghana Overtakes Nigeria In Foreign Investment by Kagawa10: 11:06am On Jan 23, 2019
SalamRushdie:


Wetin concern investors with your road and where is the road the Dullard is building ...You keep saying Never Atiku but has Atiku ever been president? Hell No ., Has Atiku ever been a signatory to any govt account ? Hell No!!!! but rather it's you dullard Buhari that has failed as head of state in 1983 and now again in 2019 he has failed ...Buhari has held more executive positions in Nigeria than anyone yet you want to Aboslve him of the blame...NEVER AGAIN Buhari!!!!!
Who was at the helm of our privatisation? We already know how Atiku and Jonathan looted this country dry.

Atiku, neva again.

1 Like

Re: Ghana Overtakes Nigeria In Foreign Investment by mekaboy(m): 11:23am On Jan 23, 2019
Kagawa10:

Wee you keep quiet? Look at this dunce.

At this time of recession, if an Investor's cost of production barely increased from 10-15 due to him having adequate power supply, good transport system, low energy cost etc eventhough his profits reduced from 50-30, I can assure you he would still manage to survive and endure till everything returns to normal.

Compare that to an investor in Nigeria, whose cost of production is already high due to lack of good infrastructures. When you add that to the recession we have now, his cost of production would probably increase from 30-40 while gaining a profit of 5% in return. Would such investor stay back? That's not to mention the cost of running his own home and stuff in a dilapidated country yet your brain expect such investor to stay back?

Moreso, If our foreign reserves wasn't looted by Jonathan from $48b to $26b, if the eediot had managed to add in more reserve at the time oil was selling at $110 rate instead of looting the little we had, our naira-dollar exchange rate wouldn't nosedive like we have now.

Abeg, some people should get sense this new year.

You keep shooting yourself in the feet. So your saying we had a better country and infrastructure in 2015. We are saying the same thing.

Our population makes Labour cheaper.

Fuel is more expensive in Ghana than Nigeria.

We have a bigger market than Ghana.

Won't you be surprised if Enugu starts starts to generate more revenue than Lagos in the current structure?

You keep exposing Buharis incompetence trying to defend him.

Is it external reserves that MTN is trading with?

5 Likes

Re: Ghana Overtakes Nigeria In Foreign Investment by SaiAtikuTill203: 11:26am On Jan 23, 2019
only restructuring can save this country
The current system only favours the politicians to the detriment of the masses
Atiku means restructuring... It's a start
We can't continue like this
Buhari cannot do anything... The foundation is faultyEverybody shld go to the poll and choose their leader in 2019.. Whatever happens eventually, we accept it? Sell your vote to highest bidder, enjoy the moment.. But remember, their is a price to pay
Some of the prices we are paying for our indecision in 2015 includes:
Recession
Hunger
Inflation
Fuel hike
Insecurity
Kidnapping
Bandits
Fulani Herdsmen
Marginalization
Unemployment
Poor education
Bad governance
Harassment
Lawlessness
Unlawful detention
Nepotism
Corruption
Homelessness
Depression
Today, basic things in the market, are not affordable. Kerosene, gas, rice, beans etc are very expensive..Politicians especially what we have today are all corrupt including President Buhari. (forget what they tell you or what they make you believe). There are no 'Angels' sent from heaven in politics.
Therefore, between moving forward and no movement at all, we must decide what we want. Forget stealing, they are all rogues, APC & PDP. What would eventually bring about a refined government is the involvement of the citizens in the running of government and holding their administrators to account for their actions or inactions. Between Buhari and Atiku, the difference is clear and crystal.
Atiku is our next president come hell or high waters...!!!!“The choice before us is between competence and incompetence, between broken promises and a man ready and equipped for the job,You must believe in cartoon characters to believe BUHARI can defeat ATIKU

Sometimes, reality is difficult to stare at but best to face it

ATIKU can "NEVER" losewe must remove the clamity called Buhari and replace him with the Atiku the person wey go unite us and make our country start to work againBuhari's Days Are CERTAINLY Numbered.He Has No Idea On How He Will Be Run Over By Incoming President Atiku.

1 Like

Re: Ghana Overtakes Nigeria In Foreign Investment by Asshurbanipal: 11:29am On Jan 23, 2019
Do not lock your shop to chase criminals
4+0 loading

3 Likes

Re: Ghana Overtakes Nigeria In Foreign Investment by kabrudrapist: 11:29am On Jan 23, 2019
Apc and it's zombie followers we need excuses of how Pdp caused the outflow of fdi from Nigeria.
Re: Ghana Overtakes Nigeria In Foreign Investment by haladadon: 11:34am On Jan 23, 2019
Kagawa10:

Wee you keep quiet? Look at this dunce.

At this time of recession, if an Investor's cost of production barely increased from 10-15 due to him having adequate power supply, good transport system, low energy cost etc eventhough his profits reduced from 50-30, I can assure you he would still manage to survive and endure till everything returns to normal.

Compare that to an investor in Nigeria, whose cost of production is already high due to lack of good infrastructures. When you add that to the recession we have now, his cost of production would probably increase from 30-40 while gaining a profit of 5% in return. Would such investor stay back? That's not to mention the cost of running his own home and stuff in a dilapidated country yet your brain expect such investor to stay back?

Moreso, If our foreign reserves wasn't looted by Jonathan from $48b to $26b, if the eediot had managed to add in more reserve at the time oil was selling at $110 rate instead of looting the little we had, our naira-dollar exchange rate wouldn't nosedive like we have now.

Abeg, some people should get sense this new year.

Rotimi Amaechi was the chairman then.
this was in 2012.

so your assertions are lies

Re: Ghana Overtakes Nigeria In Foreign Investment by haladadon: 11:35am On Jan 23, 2019
Kagawa10:

Wee you keep quiet? Look at this dunce.

At this time of recession, if an Investor's cost of production barely increased from 10-15 due to him having adequate power supply, good transport system, low energy cost etc eventhough his profits reduced from 50-30, I can assure you he would still manage to survive and endure till everything returns to normal.

Compare that to an investor in Nigeria, whose cost of production is already high due to lack of good infrastructures. When you add that to the recession we have now, his cost of production would probably increase from 30-40 while gaining a profit of 5% in return. Would such investor stay back? That's not to mention the cost of running his own home and stuff in a dilapidated country yet your brain expect such investor to stay back?

Moreso, If our foreign reserves wasn't looted by Jonathan from $48b to $26b, if the eediot had managed to add in more reserve at the time oil was selling at $110 rate instead of looting the little we had, our naira-dollar exchange rate wouldn't nosedive like we have now.

Abeg, some people should get sense this new year.

1 Share

Re: Ghana Overtakes Nigeria In Foreign Investment by helinues: 11:36am On Jan 23, 2019
Congrats to our neighbours.
Re: Ghana Overtakes Nigeria In Foreign Investment by Kagawa10: 11:46am On Jan 23, 2019
mekaboy:


You keep shooting yourself in the feet. So your saying we had a better country and infrastructure in 2015. We are saying the same thing.

Our population makes Labour cheaper.

Fuel is more expensive in Ghana than Nigeria.

We have a bigger market than Ghana.

Won't you be surprised if Enugu starts starts to generate more revenue than Lagos in the current structure?

You keep exposing Buharis incompetence trying to defend him.

Is it external reserves that MTN is trading with?
See this dunce. What part of your brain fails to realise we weren't in recession at a time crude oil was selling at high dollar rate of 110? Is this one mad ni?

Check Ghana foreign exchange rate, check their roads, electricity, railways etc and tell me why investors won't flock there?

It's like a foolish farmer who failed to plant during the rainy season in order to have plenty of food in store during the dry season. Instead, this foolish farmer preferred to plant at the time of dry season only for him to scream blue murder about God cursing him because he had little to harvest.

That's the situation of Nigeria today. We failed to save so as to increase our foreign reserve which would have helped to bolster our foreign exchange rate nor did he invest in infrastruture and agriculture which would have ameliorated our poverty rate during this recession time. Instead, Jonathan and his cronies looted the country dry during the time of plenty and today, we're bearing the brunt of it.

It's no coincindence, your looting Jonathan has kept quiet so far even when his pdp cronies are disturbing us with their stupid noise. He knows he's a bad stain already but we will make him realise that keeping quiet doesn't make us forget his sin of plunging us into this mess.

Atiku and PDP, neva again.

2 Likes

Re: Ghana Overtakes Nigeria In Foreign Investment by FearGodinall: 11:54am On Jan 23, 2019
mekaboy:


Use your brain, are investors going to Ghana for crude oil? Did MTN come to Nigeria because of crude oil?

It's confidence in the leadership of the country that drives investors. Will you put your money in a bank where the MD is always accusing the staff of theft?

How many times have u heard Ghana president call Ghanaians lazy or corrupt?

Why will an investor choose to invest in a country of 20 million over 200 million if not bad leadership?
. Thanks for finding time to educate this idiot who has convenant with foolishness.

2 Likes

Re: Ghana Overtakes Nigeria In Foreign Investment by jmaine: 12:00pm On Jan 23, 2019
According to the shameless Tolu Ogunlesi and other paid minions of Mr Lifeless .. Ghana is gaining from Corrupt port folio investors PMB sanitized in Nigeria.

Under the current APC government, Poverty and backwardness is now a virtue. They believe you as a citizen doesn't deserve to do well or else you be seen and tagged to be very corrupt.
Re: Ghana Overtakes Nigeria In Foreign Investment by baby8ace(m): 12:02pm On Jan 23, 2019
Please help a friend ,am in need of a job.
Qualification- HND in Statistics
Location-Ibadan
Contact- mail - henryify33@gmail.com
Mobile -08030643812.
Re: Ghana Overtakes Nigeria In Foreign Investment by Kagawa10: 12:08pm On Jan 23, 2019
haladadon:
.
What are you saying? Foreign reserve is different from revenues acrued.

Btw, more than 52% of the revenue went to the FG while 25% went to the governors after it was shared.

What happened to the 52% of it? Was it added to our foreign reserve? No. All was looted. Not only did Jona looted our treasure bills but also, he dipped hand into our foreign reserve and looted it dry.

All this was done at a time crude oil was selling at $110 rate. If you couldn't save, why also loot the little we had saved then? What a pathetic kleptomaniac.

Besides, the gov asked for the sharing of the revenues when they realised Jona, the klepto was dipping his hand into the revenue and they wanted their own share before he looted everything dry. Even Peter Obi said the governors couldn't trust Jonathan with their saving, hence they wanted it to be shared. The question is what happened to the 'more than 50%' of the revenue that went to the Fg? All was looted!
PDP, neva again.

2 Likes

Re: Ghana Overtakes Nigeria In Foreign Investment by Kagawa10: 12:19pm On Jan 23, 2019
mekaboy:


Why will an investor choose to invest in a country of 20 million over 200 million if not bad leadership?
This one like Peter Obi, the dunce thinks it's only labour that drives production cost.

Yeye. Pdp, neva again.

1 Like

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