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Lagos Leads In Investment Announcements In 2021 At $8.7 Billion – NIPC - Politics - Nairaland

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Lagos Leads In Investment Announcements In 2021 At $8.7 Billion – NIPC by FreeStuffsNG: 8:01am On Feb 10, 2022
Lagos leads in investment announcements in 2021 at $8.7 billion – NIPC
William Ukpe 10 Feb,2022

$23.30 billion announced nationwide, 39% increase from 2020.

The Nigerian Investment Promotion Commission (NIPC) has announced that Nigeria had a total of $23.30 billion in investment announcements for the year 2021, a 39% increase compared to $26.74 billion in 2020.

This was disclosed by Acting Executive Secretary of NIPC, Mr Emeka Offor at a press briefing in Abuja on Wednesday, according to the News Agency of Nigeria.

While Lagos State led the list for announcements at $8.7 billion, Nigeria’s Manufacturing sector had the highest number of projects (20) with $10.5 billion dollars representing 45% of investment announcements.


What the NIPC is saying about the investments


The NIPC chief said the work for NIPC in the next five years has been appropriately defined by the National Development Plan 2021–2022 (NDP), which has projected a capital requirement of N348.7 trillion with 86% (N298.3 trillion) expected to be provided by the private sector.

“Mobilisation of this capital has become the focus of the commission. It is in this respect that the commission has begun the process of validating the records of the investment announcements.

“We expect the report from this exercise to give us a further understanding of investors’ readiness to invest in Nigeria,’’ Offor said.

On 2021 investment announcements, it disclosed that 2021 saw announcements rise by 39% to $23.30 billion, higher than the $16.74 tracked in 2020, citing an increase in value, indicative of growing adaptation to the global ‘new normal’ after the economic disruption by restrictions imposed to check the spread of COVID-19 pandemic.

“It also indicates the growing confidence of investors in the efforts to improve the national investment landscape,’’ he said.

“The top five states by value of investments, are Lagos (8.7 billion dollars), Bayelsa (3.6 billion dollars), Delta (2.9 billion dollars), Akwa Ibom State (two billion dollars), and Adamawa (one billion dollars).


“The manufacturing sector has the highest number of projects (20) as well as the highest value, 10.5 billion dollars representing 45%.

“The construction sector has 16%, electricity, gas, steam and air conditioning supply 13%, information and communication 12% and mining and quarrying nine percent made up the top five sectors for the year,’’ he added.

Recall Nairametrics reported last year that NIPC announced that Nigeria’s manufacturing sector topped investment announcements for the 3rd quarter of 2021 with US$8.99 billion, attracting 42% of the investments in the country.

https://nairametrics.com/2022/02/10/lagos-leads-in-investment-announcements-in-2021-at-8-7-billion-nipc/

Cc Seun Mynd44 Lalasticlala

3 Likes

Re: Lagos Leads In Investment Announcements In 2021 At $8.7 Billion – NIPC by Emeskhalifa(m): 8:05am On Feb 10, 2022
Lagos leads other states follow.

Not a Tinubu fan oo but other state's governors need to go to BAT for internship before assuming the seat of governor ah swear.

29 Likes 6 Shares

Re: Lagos Leads In Investment Announcements In 2021 At $8.7 Billion – NIPC by verybadmouth(m): 8:05am On Feb 10, 2022
Ogun and Anambra are leading in skull mining investments grin grin

4 Likes 1 Share

Re: Lagos Leads In Investment Announcements In 2021 At $8.7 Billion – NIPC by OBALOLA55(m): 8:05am On Feb 10, 2022
grin


YET MAKOKO WAS AWARDED THE WORLD BIGGEST SLUM UNDER TINUBU WATCH embarassed

9 Likes 1 Share

Re: Lagos Leads In Investment Announcements In 2021 At $8.7 Billion – NIPC by BigAP(m): 8:05am On Feb 10, 2022
Congratulations to Lagos.

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Re: Lagos Leads In Investment Announcements In 2021 At $8.7 Billion – NIPC by Nobody: 8:06am On Feb 10, 2022
Overrated Slum

Lagos to me is just a little bit like Peckham

aribisala0:
Peckham is a slum?
Just open your mouth to blab

Is Peckham as big as the University of Lagos Campus?


Yen yen yen

What's the difference between living in Lagos and living in Peckham


Lagos is Overrated and that's what you people hate to hear,

muykem:
Yes. Lagos is like elephant, the part that a blind man torch will determine his narration. Poor people such as your family are feeling the worst part of Lagos but Lagos doesn't end there dear.

I have been living in Tottenham for the past 18 months, and I know Lagos is trash, Just pray to God you have the opportunity to leave Nigeria,

The World is a big elephant like you said, poor people like you and your family have only touched a part of the world ( Lagos ) and to you, you're living in Heaven, You really need to Start going out, your view is myopic.

6 Likes 1 Share

Re: Lagos Leads In Investment Announcements In 2021 At $8.7 Billion – NIPC by adekanmbi1986(m): 8:06am On Feb 10, 2022
Ok
Re: Lagos Leads In Investment Announcements In 2021 At $8.7 Billion – NIPC by tobenuel(m): 8:06am On Feb 10, 2022
Ok
Re: Lagos Leads In Investment Announcements In 2021 At $8.7 Billion – NIPC by marcusaurelio(m): 8:06am On Feb 10, 2022
Not bad

1 Like

Re: Lagos Leads In Investment Announcements In 2021 At $8.7 Billion – NIPC by Mko123(m): 8:07am On Feb 10, 2022
EXEMPLO DUCEMOS for other state
Re: Lagos Leads In Investment Announcements In 2021 At $8.7 Billion – NIPC by LILTJAY1: 8:07am On Feb 10, 2022
Flatheadss nkor

6 Likes

Re: Lagos Leads In Investment Announcements In 2021 At $8.7 Billion – NIPC by Emeskhalifa(m): 8:08am On Feb 10, 2022
OBALOLA55:
grin


YET MAKOKO WAS NAMED THE WORLD BIGGEST SLUM UNDER TINUBU WATCH embarassed

Boss rest. No country in this world wey no get slum

21 Likes 1 Share

Re: Lagos Leads In Investment Announcements In 2021 At $8.7 Billion – NIPC by OBALOLA55(m): 8:08am On Feb 10, 2022
grin
LILTJAY1:
Flatheadss nkor
IS THIS NOT THE REASON WHY YOU ARE CLAIMING LAGOS INDIGENE undecided

2 Likes

Re: Lagos Leads In Investment Announcements In 2021 At $8.7 Billion – NIPC by FreeStuffsNG: 8:08am On Feb 10, 2022
Adamawa is doing well.
Re: Lagos Leads In Investment Announcements In 2021 At $8.7 Billion – NIPC by NaijaRoyalty(m): 8:09am On Feb 10, 2022
Lagos is home to everybody OYO, OGUN, EKiti, Osun, Ondo and Kwara
We follow get Lagos

I am Lagos Indigine so yes , everyone is welcomed to Lagos

12 Likes 3 Shares

Re: Lagos Leads In Investment Announcements In 2021 At $8.7 Billion – NIPC by hollywater: 8:10am On Feb 10, 2022
Why wouldn't they lead when the one functioning international airport and seaports are based in Lagos. Secondly it was formerly the capital of Nigeria.Let move to the next topic.

3 Likes 1 Share

Re: Lagos Leads In Investment Announcements In 2021 At $8.7 Billion – NIPC by aribisala0(m): 8:10am On Feb 10, 2022
Faller:
Overrated Slum

Lagos to me is just a little bit like Peckham
Peckham is a slum?
Just open your mouth to blab

Is Peckham as big as the University of Lagos Campus?

18 Likes 1 Share

Re: Lagos Leads In Investment Announcements In 2021 At $8.7 Billion – NIPC by OBALOLA55(m): 8:10am On Feb 10, 2022
Emeskhalifa:


Boss rest. No country in this world wey no get slum
HAVE YOU CHECKED THE LATEST SLUM RANKING undecided
Re: Lagos Leads In Investment Announcements In 2021 At $8.7 Billion – NIPC by Armaggedon: 8:11am On Feb 10, 2022
verybadmouth:
Ogun and Anambra are leading in skull mining investments grin grin
inferiority complex brought Anambra into your post.

5 Likes

Re: Lagos Leads In Investment Announcements In 2021 At $8.7 Billion – NIPC by Mko123(m): 8:11am On Feb 10, 2022
OBALOLA55:
grin


YET MAKOKO WAS AWARDED THE WORLD BIGGEST SLUM UNDER TINUBU WATCH embarassed


your article doesn't tally with the OP thread. Whenever you have the urge to exhibit your maximum stupidity, do it in a local place where you won't be recognized.

17 Likes 1 Share

Re: Lagos Leads In Investment Announcements In 2021 At $8.7 Billion – NIPC by LILTJAY1: 8:11am On Feb 10, 2022
OBALOLA55:
;DIS THIS NOT THE REASON WHY YOU ARE CLAIMING LAGOS INDIGENE undecided
dont understand your point undecided

2 Likes

Re: Lagos Leads In Investment Announcements In 2021 At $8.7 Billion – NIPC by LILTJAY1: 8:13am On Feb 10, 2022
aribisala0:
Peckham is a slum?
somebody that has never left afikpo

9 Likes 1 Share

Re: Lagos Leads In Investment Announcements In 2021 At $8.7 Billion – NIPC by aspabay(m): 8:18am On Feb 10, 2022
Lagos leads others follow

4 Likes

Re: Lagos Leads In Investment Announcements In 2021 At $8.7 Billion – NIPC by aspabay(m): 8:18am On Feb 10, 2022
Thank God for the right leadership Lagios has enjoyed since 1999 till date

2 Likes

Re: Lagos Leads In Investment Announcements In 2021 At $8.7 Billion – NIPC by tollyboy5(m): 8:19am On Feb 10, 2022
NaijaRoyalty:
Lagos is home to everybody OYO, OGUN, EKiti, Osun, Ondo and Kwara
We follow get Lagos

I am Lagos Indigine so yes , everyone is welcomed to Lagos
All Nigerians get Lagos if you decide to include kwara.
Which family compound you from?
Which Lagos area?

1 Like

Re: Lagos Leads In Investment Announcements In 2021 At $8.7 Billion – NIPC by Nisiw365: 8:22am On Feb 10, 2022
NaijaRoyalty:
Lagos is home to everybody OYO, OGUN, EKiti, Osun, Ondo and Kwara
We follow get Lagos

I am Lagos Indigine so yes , everyone is welcomed to Lagos
ipobian, emeka can't be indigene in lagos

16 Likes 4 Shares

Re: Lagos Leads In Investment Announcements In 2021 At $8.7 Billion – NIPC by tollyboy5(m): 8:23am On Feb 10, 2022
hollywater:
Why wouldn't they lead when the one functioning international airport and seaports are based in Lagos. Secondly it was formerly the capital of Nigeria.Let move to the next topic.
Abuja has been the capital longer than Lagos was. Abuja has international airport with massive investment from Federal purse. Why has Abuja not surpass Lagos?

19 Likes 4 Shares

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