manny4life:
NBS should have told us specifically what "Portfolio Investments" they're referring to.

manny4life:
NBS should have told us specifically what "Portfolio Investments" they're referring to.

The report revealed that investments in portfolio assets were the highest last year by 59 per cent, while other investments jumped by 32 per cent and investments into the real economy were mere 8 per cent.

usba:
Pigs and idiots will see good news and avoid it like the plague Since they like evil befalling the country may evil befall them endlessly.

manny4life:


Did you say power situation getting better, wasn't it last month that the Transmission System collapsed? Continue believing your own deceit. Investors confidence is high yet there's high level unemployment and poverty in the land.. Okay continue.

Nigeria: World Bank Approves $486 Million to Improve Nigeria Electricity Transmission Network and Infrastructure

http://www.worldbank.org/en/news/press-release/2018/02/15/nigeria-world-bank-approves-486-million-to-improve-nigeria-electricity-transmission-network-and-infrastructure

manny4life:
NBS should have told us specifically what "Portfolio Investments" they're referring to.

bloodmoneyspita:
IMF says nigeria is getting poorer


https://www.reuters.com/article/us-nigeria-economy-imf/exclusive-nigerias-people-getting-poorer-government-to-muddle-through-says-imf-idUSKCN1GC2F7?_e_pi_=7%2CPAGE_ID10%2C7916244797

deomelllo:




1.. The fact that transmission system collapsed doesn't alter the fact that our power situation is getting better.

2. We are still saddled with the same grid from since independence and 16 years of PDP, largest oil earnings in the history and the $20 billion power funds they looted did not fix the grid.

3. We are today generating more power than the grid can handle so what is the government doing, they are rebuilding the grid and the World Bank just gave us the funds.



You Igbos can cry and be negative with you anti-Nigerian sentiments, but we are on the right track and we are cleaning all the mess and incompetence previous administrations left behind.

Fashola Secures $200m World Bank Loan for Lagos Infrastructure Projects
The Nigeria's government has approved a $200 million Work Bank loan to develop infrastructure in Lagos state, Babatunde Fashola, Minister for works, power and housing said.

The loan was the second tranche of a total of $600 million lent by the International Development Association to the Nigeria government for Lagos state since 2010, he said.

Fashola did not give details of any projects for which the loan would be used, but said the money had been intended for distribution in three tranches each of $200 million to end in 2013 but had been delayed.

"It suffered delays as a result of partisan political differences in the last dispensation. After the first tranche was disbursed there was a freeze on the second tranche," he told reporters.

Fashola said the loan was to be repaid over 25 years at an interest rate of 2.5 percent.


Reuters

Bitterleafsoup:



First tell us what happen to this loan?
Never mind we know he shared the money among his people and nothing to show for it.
Getting a loan means nothing, ask the children in Lagos about the education loan they never benefited from. Your power minister is a big thief! Shame on you for not telling the whole truth!!

waveman2:

Euro bond sales, stock market,nigerians abroad remitting money,crude oil sales which does not in any translate to real time investment to create jobs and affect the ordinary man. That is why u can, t feel it. This investment are from portfolio investors.

Faruki:


That's monies going into the capital market and money market. Like buying equities in the Nigerian stock exchange or buy treasury bill or bonds.

manny4life:




Inasmuch as I know what portfolio investments are, but thank you for the education. So, it's either you misunderstand my question OR perhaps, I wasn't very clear. What I'm trying to say is simple: NBS should simply "breakdown" what Portfolio "Investments" they're referring to. When they say $12 billion, that's almost half the size of Nigeria's budget, so it begs the question to know in which Investments they're talking about.

deomelllo:




1.. The fact that transmission system collapsed doesn't alter the fact that our power situation is getting better.

2. We are still saddled with the same grid from since independence and 16 years of PDP, largest oil earnings in the history and the $20 billion power funds they looted did not fix the grid.

3. We are today generating more power than the grid can handle so what is the government doing, they are rebuilding the grid and the World Bank just gave us the funds.



You Igbos can cry and be negative with you anti-Nigerian sentiments, but we are on the right track and we are cleaning all the mess and incompetence previous administrations left behind.

deomelllo:








We are back in serious business and investors confidence in Nigeria is soaring through the roof.


And with the power situation getting better, the sky is the limit

deji17:
Nigeria Attracted $12.2bn Capital Inflow In 2017 – NBS

Channels Television

Updated March 1, 2018


The total amount of foreign capital attracted by the Nigerian economy in 2017 stood at $12.2 billion, the National Bureau of Statistics (NBS) has said.

A report released by the agency on Thursday reveals that the new figure is a massive jump over the $5.38 billion recorded in the whole of 2016.

The NBS also put capital inflow in the fourth quarter at $5.32 billion, the strongest in the year under review.

The report revealed that investments in portfolio assets were the highest last year by 59 per cent, while other investments jumped by 32 per cent and investments into the real economy were mere 8 per cent.

In terms of origination, Nigeria saw the bulk of its foreign inflow from the United States, the United Kingdom, and Belgium.

The report read in part: “The total capital imported in the fourth quarter of 2017 was $5,382.9 million; this was an annual growth of 247.5%, and quarterly growth of 29.9%. As at the end of 2017, total capital imported into Nigeria was $12,228.6 million, an increase of $7,104.4 million or 138.7% from the figure recorded in 2016.

“The growth in Capital Importation in 2017 was mainly driven by an increase in Portfolio Investment, which went up by $5,516.2 million from the previous year to reach $7,329.1 million in 2017 and accounting for 60% of capital imported. During the reference quarter total capital imported when compared to the previous quarter increased by $1,237.8 million.”

https://www.channelstv.com/2018/03/01/nigeria-attracted-12-2bn-capital-inflow-2017-nbs/

manny4life:


1. Did you say getting better? Lmao, you actually believe your own hype... That's TCN's website, electricity has remained at 4,000 MW range http://www.tcnorg.com/

2. You can blame PDP all you want, it's the likes of Amaechi and the rest that are still in APC. What has Buhari done since he became president? Didn't he promise 24hrs electricity? Besides, what do you expect when a lawyer is heading Ministry of Power? Lmao... Continue deceiving yourself.

3. They're rebuilding it yet the funds were approved way before the the Press Release in January 2017 yet, Transmission hasn't improved, heck it even collapsed a m
onth ago and hasn't even received any major upgrades to handle at least 5,000 MW... Continue deceiving yourself.

Yyeske:
Ok so you feel you have the guts to talk, the wailers are coming for your head and don't call anyone to your rescue

deomelllo:




I can take on a million and one ignorant, unintelligent and worthles, it's community service and somebody got to do it.

deomelllo:
[s][/s]




I can not be bothered with ignorant, unintelligent, angry, hateful, angry, bitter and disgruntled anti Nigerian Igbos.

Bitterleafsoup:
The truth is painful, shame on you for being a coward to face it.