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Foreign Direct Investment To Nigeria Fell By 21% To $3.5 Billion In 2017 by postbox: 7:26am On Jun 10, 2018 |
Foreign direct investment (FDI) flows to Africa slumped to $42 billion in 2017, a 21% decline from 2016, according to UNCTAD’s World Investment Report 2018. Weak oil prices and harmful ongoing macroeconomic effects from the commodity bust saw flows contract in major host African economies. “The beginnings of a commodity price recovery, as well as advances in interregional cooperation through the signing of the African Continental Free Trade Area agreement, could encourage stronger FDI flows to Africa in 2018, provided the global policy environment remains supportive,” UNCTAD Director, Division on Investment and Enterprise, James Zhan said. FDI flows to North Africa were down 4% to $13 billion. Investment in Egypt was down, but the country continued to be the largest recipient in Africa. FDI in Morocco was up 23% to $2.7 billion, including as a result of sizeable investments in the automotive sector. Lingering effects from the commodity bust weighed on FDI to sub-Saharan Africa, with inflows declining by 28%, to $28.5 billion. FDI flows to Central Africa decreased by 22% to $5.7 billion. FDI to West Africa fell by 11% to $11.3 billion, due to Nigeria’s economy remaining depressed. FDI to Nigeria fell 21% to $3.5 billion. East Africa, the fastest-growing region in Africa, received $7.6 billion in FDI in 2017, a 3% decline on 2016. Ethiopia absorbed nearly half of this amount, with $3.6 billion (down 10%) and is now the second largest recipient of FDI in Africa. Kenya saw FDI increase to $672 million, up 71%, due to strong domestic demand and inflows in information and communication technology sectors. In Southern Africa, FDI declined by 66% to $3.8 billion. FDI to South Africa fell 41% to $1.3 billion, due to an underperforming commodity sector and political uncertainty. FDI into Angola turned negative once again (down to -$2.3 billion from $4.1 billion in 2016) as foreign affiliates in the country transferred funds abroad through intra-company loans. In contrast, FDI into Zambia increased, supported by more investment in copper. Multinational enterprises (MNEs) from developed economies (such as the United States, United Kingdom, and France) still hold the largest FDI stock in Africa. At the same time, developing-economy investors from China and South Africa, followed by Singapore, India and Hong Kong (China), are among the top 10 investors in Africa. FDI outflows from Africa increased by 8% to $12.1 billion, reflecting a significant increase in outward FDI by South African firms (up 64% to $7.4 billion) and Moroccan firms (up 66% to $960 million). Outward FDI by Nigerian firms, in contrast, remained flat at $1.3 billion, focused almost exclusively on Africa. FDI inflows to Africa are forecast to increase by about 20% in 2018 to $50 billion. The projection is underpinned by the expectations of a continued modest recovery in commodity prices and strengthened interregional economic cooperation. Yet Africa’s commodity dependence will cause FDI to remain cyclical. SOURCE: https://brandspurng.com/2018-world-investment-report-foreign-direct-investment-to-nigeria-fell-by-21-to-3-5-billion-in-2017-says-united-nations-report/ 3 Likes 1 Share
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Re: Foreign Direct Investment To Nigeria Fell By 21% To $3.5 Billion In 2017 by mostHandsome01: 8:38am On Jun 10, 2018 |
This shouldn't be a surprise, when an incompetent, brain dead fellow rules the affairs of a nation, these are the kinds of reports you get to see. 25 Likes |
Re: Foreign Direct Investment To Nigeria Fell By 21% To $3.5 Billion In 2017 by bennymark(m): 8:38am On Jun 10, 2018 |
Please who usually verifies these stats? Every day baby so so figures, inflation is this, FDI is that, I no dey too believe all o |
Re: Foreign Direct Investment To Nigeria Fell By 21% To $3.5 Billion In 2017 by gurunlocker: 8:39am On Jun 10, 2018 |
Watch as NL resident zombies will do as if this thread never existed. They would have been masturbating if it says 21% increase. 10 Likes |
Re: Foreign Direct Investment To Nigeria Fell By 21% To $3.5 Billion In 2017 by NwaEzefuNaMba(m): 8:40am On Jun 10, 2018 |
bennymark: Nice? you can't celebrate this loss, the pain is on the common man in the street. or have you not Noticed that even though things are going left, Buhari is even increasing his personal budget? 3 Likes 1 Share |
Re: Foreign Direct Investment To Nigeria Fell By 21% To $3.5 Billion In 2017 by Afobear: 8:40am On Jun 10, 2018 |
Body Odour is really working 23 Likes 1 Share
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Re: Foreign Direct Investment To Nigeria Fell By 21% To $3.5 Billion In 2017 by LORDI(m): 8:41am On Jun 10, 2018 |
Which way Nigeria?... Watch how some people would ignore this thread and scream buhari till 2023 3 Likes |
Re: Foreign Direct Investment To Nigeria Fell By 21% To $3.5 Billion In 2017 by bennymark(m): 8:41am On Jun 10, 2018 |
easy lion NwaEzefuNaMba: |
Re: Foreign Direct Investment To Nigeria Fell By 21% To $3.5 Billion In 2017 by nams77: 8:41am On Jun 10, 2018 |
gurunlocker:Exactly. It is truly amazing how some group of deluded folks for just a few Pennies can sell their conscience and morality. It is truly a wonder. 4 Likes |
Re: Foreign Direct Investment To Nigeria Fell By 21% To $3.5 Billion In 2017 by Upsidedown9ja(m): 8:42am On Jun 10, 2018 |
Why won’t it fall, just tell me why won’t it. Since we have a failed government. Everything must be upside down. Shame to all our leaders both past present and future. Abeg let me come and be going to church 6 Likes |
Re: Foreign Direct Investment To Nigeria Fell By 21% To $3.5 Billion In 2017 by gusaua(m): 8:43am On Jun 10, 2018 |
good one |
Re: Foreign Direct Investment To Nigeria Fell By 21% To $3.5 Billion In 2017 by Mexyz(m): 8:44am On Jun 10, 2018 |
And yet Mr Lai has been telling us that Nigeria remains investors choice when it comes to investment. 7 Likes |
Re: Foreign Direct Investment To Nigeria Fell By 21% To $3.5 Billion In 2017 by hardywaltz(m): 8:44am On Jun 10, 2018 |
I know many illiterates didn't read the entire report before blaming Buhari, Eg these two Olodos mostHandsome01: gurunlocker: 3 Likes 1 Share |
Re: Foreign Direct Investment To Nigeria Fell By 21% To $3.5 Billion In 2017 by Ogonimilitant(m): 8:47am On Jun 10, 2018 |
Our sophisticates moroonic zombies will disput this data 2 Likes |
Re: Foreign Direct Investment To Nigeria Fell By 21% To $3.5 Billion In 2017 by Ihateyoumod: 8:48am On Jun 10, 2018 |
Watch now, u will see them screaming and wailing but if dis same source talk say e increase dem go dey shout lying government!!!!....... 2 Likes |
Re: Foreign Direct Investment To Nigeria Fell By 21% To $3.5 Billion In 2017 by gurunlocker: 8:50am On Jun 10, 2018 |
hardywaltz: Obviously, you are mad! I don't comment on post without reading article. Moreso, where did you see Buhari in my post? See you are really mad? 5 Likes |
Re: Foreign Direct Investment To Nigeria Fell By 21% To $3.5 Billion In 2017 by Mutemenot(m): 8:55am On Jun 10, 2018 |
why wont it decline when bubu said the workforce are lazy 2 Likes |
Re: Foreign Direct Investment To Nigeria Fell By 21% To $3.5 Billion In 2017 by ednut1(m): 8:57am On Jun 10, 2018 |
bennymark:for FDI they bring in the money thru banks. Banks report to cbn. The actual figures may be overstated tho for politics 1 Like |
Re: Foreign Direct Investment To Nigeria Fell By 21% To $3.5 Billion In 2017 by bennymark(m): 9:00am On Jun 10, 2018 |
ednut1: Thanks for the last part, my suspicion 1 Like |
Re: Foreign Direct Investment To Nigeria Fell By 21% To $3.5 Billion In 2017 by Gucciboss: 9:00am On Jun 10, 2018 |
My only interest is in East African countries. Seems they have finally discovered what the rest of Africa excluding South Africa have not be able to figure out. That subregion is outpacing others in economic growth. |
Re: Foreign Direct Investment To Nigeria Fell By 21% To $3.5 Billion In 2017 by GavelSlam: 9:13am On Jun 10, 2018 |
The entire Africa suffered a reduction in FDI in 2017 mostly due to a slump in the price of commodities. 1 Like |
Re: Foreign Direct Investment To Nigeria Fell By 21% To $3.5 Billion In 2017 by ba7man(m): 9:17am On Jun 10, 2018 |
Even though the reason was clearly stated, some dull people up there still don't get it. If you're on their side, sorry you're mentally short. 1 Like |
Re: Foreign Direct Investment To Nigeria Fell By 21% To $3.5 Billion In 2017 by dukecharles(m): 9:32am On Jun 10, 2018 |
What do you expect when an incompetent man is on the saddle. We need Donald Duke. Enough is Enough. 1 Like |
Re: Foreign Direct Investment To Nigeria Fell By 21% To $3.5 Billion In 2017 by Ugosample(m): 9:35am On Jun 10, 2018 |
In Nigeria's case, FPI increased but FDIs reduced Now this is the case because for FPIs, when shit hits the fan, you can run with minimal scars, but For FDI, when shit gets real, you will be sorry for yourself, that's it. They are wary of the macroeconomic stability of our countries, especially Nigeria. Stability and Sound policies will see both FPI and FDI figures soaring through the roof because Nigeria has a vibrant market But this government sef 2 Likes |
Re: Foreign Direct Investment To Nigeria Fell By 21% To $3.5 Billion In 2017 by front2line: 9:39am On Jun 10, 2018 |
mostHandsome01: Foolish Igbo but when it rises in the next quarter you n your father will be shouting it is Jonathan Ebele that set it up that way ba ? 1 Like |
Re: Foreign Direct Investment To Nigeria Fell By 21% To $3.5 Billion In 2017 by grandstar(m): 9:51am On Jun 10, 2018 |
The report is depressing. What of portfolio investment? 1 Like |
Re: Foreign Direct Investment To Nigeria Fell By 21% To $3.5 Billion In 2017 by mfm04622: 9:52am On Jun 10, 2018 |
I can bet NONE of you read the story before commenting. If you had read it, you would have observed that the whole continent had a negative growth for the year. 1 Like 1 Share |
Re: Foreign Direct Investment To Nigeria Fell By 21% To $3.5 Billion In 2017 by grandstar(m): 9:54am On Jun 10, 2018 |
Gucciboss: The only truly impressive one is Rwanda. Its economic reform program would make any economist proud. 1 Like |
Re: Foreign Direct Investment To Nigeria Fell By 21% To $3.5 Billion In 2017 by seguno2: 9:58am On Jun 10, 2018 |
mostHandsome01: How can Nigerians change from Goodluck to Buhari Badluck and not expect failure in everything? Buhari is a monumental error of gargantuan proportions that must be corrected in 2019! Do you have your PVC ready? What of your family and friends? Do they also have their own PVCs ready? 1 Like |
Re: Foreign Direct Investment To Nigeria Fell By 21% To $3.5 Billion In 2017 by egbusi1(m): 10:00am On Jun 10, 2018 |
postbox: For those trying to exonerate Nigeria government from this retrogression. Please read the bold line above. Please who depressed Nigeria Economy if not General Buhari? 1 Like |
Re: Foreign Direct Investment To Nigeria Fell By 21% To $3.5 Billion In 2017 by Stevenson1(m): 11:01am On Jun 10, 2018 |
Not surprised though. Borno state Gov. was busy destroying Bet shops, Hotels, Vodka shops to mention few. How then do you expect foreign investors to invest in us. Las Vegas, Dubai, Hawaii, Monaco, Ibiza Spain all have the same thing in common and that's why people spends billions going there. Naija, I no just know wetin they want. Whether na Mosque abi another Rome. |
Re: Foreign Direct Investment To Nigeria Fell By 21% To $3.5 Billion In 2017 by vedaxcool(m): 11:11am On Jun 10, 2018 |
The economy shall roar again. Africa went through turbulence but we shall come out stronger |
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