Nigeria is the 19th most attractive economy for investments flowing into the African continent, a new report has indicated.

The Africa Investment Index 2016 report showed that Nigeria attracted a net Foreign Direct Investment of $3.1bn in 2015.

According to the index, African investment destinations attracted an overall FDI of US $13.6bn.

Botswana was ranked the most attractive economy for investments flowing into the African continent followed by Morocco, Egypt, South Africa and Zambia.

The report was released by Quantum Global’s independent research arm, Quantum Global Research Lab.

Commenting on the report, the Head, Quantum Global Research Lab, Prof. Mthuli Ncube, said, “Despite the current economic challenges, we are quite confident on the medium to long-term market prospects. Nigeria has earmarked a significant amount of capital to develop critical infrastructure in the country and there are various opportunities for public private collaboration providing investors’ returns on their investments.

“We anticipate that investment in infrastructure will underpin the growth of the economy and meet the needs of a large Nigerian growth population.”

Following the decline in oil prices, which impacted various African oil producing nations, the Federal Government has intensified its effort towards diversifying the economy and has laid out a road map to enhance public infrastructure and support high-growth sectors in the country such as manufacturing, ICT, agriculture, among others.

This is aimed at meeting local demand along with boosting exports globally in the short-to medium term to stabilise the macro-economy.

Nigeria, the biggest economy in Africa with a gross domestic product of $415bn, is projected to grow to about $595bn by 2020.

According to the index, this presents a big market for goods and services. In this sector, the GDP per capita currently at 2,260 is projected to leap to $2, 907 by 2020, which could boost consumption and domestic demand.

Remarking on Nigeria’s economy, Ncube further said, “The short to medium-term focus of the Federal Government is to reduce imports and address primary sector blockages, such as roads, bridges, power, railway, aviation, water, housing, agriculture, education and health. Despite the current market volatility, Nigeria presents tremendous investment opportunities in these areas, which would not only support the local economy but also deliver significant yields to foreign investors.”

The Federal Government has implemented various reforms to boost and restructure the economy including the introduction of the Nigeria Industrial Revolution Plan, establishing the Enabling Business Environment Council to make Nigeria more attractive for investments, and the microcredit scheme in the 2016 budget, which will see the Bank of Industry, overseeing the disbursement of loans to 1.6 million traders, artists, farmers and young entrepreneurs over the next 12 months.

http://investorsking.com/nigeria-rated-africas-19th-attractive-investment-destination/

How?

Nigeria have always been a goldmine right from time.. What's killing us is the so much importance we lay on education.. Millions of capable hands who should help improve the economy are behind the classroom, wasting away time and resources.

The good thing is, the things we overlook can fetch us huge cash if done well.. They are so easy and humble that we always overlook them easily. Take for instance, snails farming.. If you can produce over 1000 mature snails and sell for N50 each, that's about N50,000. And the thing is, you can produce more than that and it's so easy to start Up. Not capital intensive.

Let's take a look at egg supply business.. this another lucrative business out there..

cucumber farming is also a good business to invest in. one cucumber goes for over N100, even more. if you can start a farm and produce like one bag, just do the maths and be wowed.

I won't talk about poultry nor fish farming.. These have made many secret millionaires

what about importing goods from china which is as easy as facebooking... hmm... I won't say much.. but opportunities abound in niaja..

Most of these businesses are high in demand. You don't even need to worry about locating your target market.. All you'll need to do is keep producing as your Customer base keeps going higher..

visit www.entmirror.com let's talk business.

19th??................

19th...

s

SexyNairalander:
booked


please who have a job to offer me in Enugu?

I will be happy to work, I am becoming too jobless and it's affecting me cos am not used to it

see an example of wat we go through everyday in Nigeria do we stil need any evidence to show that this people are lying? Yet they kept lying to us we are the 19th investment lubbish

We suppose they -19 not 19

19??

With kidnappers,
Armed robbers,
Ritualists
Boko Haram,
Mambila militia
OPC
Baddoo


How is this possible?

They will soon have to learn Arabic too. When shekau. Is governor of lagos state... At the rate at which the islamization agenda is rolling..

We are fvc.ked again!

GIANT of AFRICA!!!

Isn't this a bad precedence when we where once the first in investment destination. All thanks to APC for setting back the hands of a progressive Nigeria.

And we say we are the gaint of Africa.... 19th it's just.... Not acceptable

Boko haram
Kidnapping
Ritualist
Badoo
Ipob
Drug Peddler
Militant
And we are 19th. God is wonderful.

Giant of Africa is 19th in investment? Shame!!

Nigeria's development nah audio...na only hear we dey hear am

Integrityfarms:
Isn't this a bad precedence when we where once the first in investment destination. All thanks to APC for setting back the hands of a progressive Nigeria.

from 3 under GEJ to 19 under APC

Ohk! what a backwardness

hmmmm


no be only attractive


watin attractive here?

FROM NO 1 IN AFRICA AND NO 3 IN THE WORLD! INDEED WE ARE MOVING FORWARD!

This is a backward movement.

From 1st 3yrs ago to 19th.. . What a good CHANGE

hope no one stil blame buhari

19th in Africa!

"Nigerians will praise me when I leave office".

GEJ.

sai baba


Visa fall on me

Tenim47:
hope no one stil blame buhari

please who should we blame.. Be Cuz ayam nt understanding

APC has messed up the economy big time