The total value of Foreign Direct Investment in Nigeria in 2012 was $6.8bn, representing an increase of 17.24 per cent.

Analysts at Financial Derivatives Company Limited, in a report made available to our correspondent on Friday, however, said the increase in the country's FDI notwithstanding, it remained below par as a result of the Nigeria's vulnerability to commodity price movements, insecurity and over-dependence on the oil and gas sector.

The analysts noted that the FDI in Nigeria would have been significantly better without the security challenges in some parts of the country.

The report started, "In addition, the uncertainties surrounding the Nigerian macroeconomic environment have contributed to the slow growth in foreign investment inflows in recent years. However, Nigeria's improved macroeconomic outlook for 2013 and the persistent drive for fiscal discipline are good signs and a motivation for foreign investments inflows despite the security challenges.

"Nigeria's market size, commitment towards infrastructure development, and the potential for a stable macroeconomic policy in 2013 are positive indicators for foreign investors and can improve FDI inflows to Nigeria significantly."

According to the report, the country stands a good chance of increased FDI given the 2013 budget position and the government's drive towards infrastructure development.

It added, "We estimate that 40 per cent of the total funds inflow to the power sector will to be through FDI in 2013. Also, the recent success of the Petroleum Industry Bill at the Senate is a positive move for the final passage of the bill and the oil sector, though it is unlikely that the implementation will be seen in 2013.

"Sectors with major FDI inflows over the years have been the oil and gas, manufacturing, infrastructure development, services and consumer goods sectors. We expect that the FDI inflows into the sectors will be sustained. Furthermore, the emerging opportunities in hospitality, tourism, shopping mall development and restaurants cannot be ignored as major grounds for FDI."

The report noted that the continuous development and introduction of additional reforms in the agricultural sector were likely to attract significant foreign investments.

"Reforms such as zero duty on imported plant and machineries, and similar incentives can help improve domestic production, establish new investments and reduce the country's unemployment rate," it added.

*I hope the momentum is sustained. The FG just needs to improve the security situation in our country*

http://odili.net/news/source/2013/apr/1/804.html

Wetin be this one again. But the yarubo and yoross E-warrior on nairaland ar claming that gej is not doing anything to uplift the economy. Well they must work hard to see thier slave master in power. Abi oyinbo people dey lie. Fellow nigerians if you want to benefit from all this start investing in stock market

Redoil: Wetin be this one again. But the yarubo and yoross E-warrior on nairaland ar claming that gej is not doing anything to uplift the economy. Well they must work hard to see thier slave master in power. Abi oyinbo people dey lie. Fellow nigerians if you want to benefit from all this start investing in stock market

Abi o. $6.8 billion (N1 trillion) no be beans o. That's like 25% of the federal budget. Just imagine if BH were totally eliminated; the FDI could increase to between 13 to 20 billion dollars.

FRESH AIR.

This is bad news for haters of this administration on Nairaland. they are content on banding false notions of dooms against GEJ.
They will not be happy with these stats. Obviously.