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Nairaland Forum / Nairaland / General / Investment / Nigeria Records $15bn Investments In Six Months (9707 Views)
PayDay To Sell The Company Six Months After $3M Raise / China, India, Mexico, Others Plan Fresh Investments In Nigeria / Nigeria Records $15bn Investments In The First Half Of 2019 (2) (3) (4)
Nigeria Records $15bn Investments In Six Months by KingOdart(m): 11:18am On Aug 01, 2019 |
Between January and June this year, the Nigerian economy recorded a total investment commitment of $15.15bn in various sectors of the economy, the Nigerian Investment Promotion Commission has said. Figures obtained from the NIPC showed that the $15.15bn proposed investments were made for 43 projects in 12 states and the Federal Capital Territory. Comparatively, the proposed investments for the first half of this year showed a 67 per cent decline when compared to the corresponding period of 2018. Investments commitments are made by would-be investors in specific sectors of the economy, which the NIPC follows up to ensure its full maturity and benefits to the economy. According to NIPC records, mining and quarrying recorded investment announcements of $12.3bn, reflecting 81 per cent of the total investment proposals made. Manufacturing recorded $2.2bn worth of investment proposals announced. Within the period under review, finance and insurance recorded $200m investment proposals while information and communication recorded $200m. It reads in part, “In the period, $15.15bn of announcements were tracked through the NIPC. The report showed that a total of 43 projects across 12 states and Federal Capital Territory were announced from investors in 20 countries. “Comparatively, the announcements made in the first half of 2019 were 67 per cent less in value than the announcements in the same period of 2018. “This was probably due to many investors waiting for the conclusion of national elections and handover in the first half of 2019. “The major destination was the Niger-Delta region with 77 per cent, followed by Ondo State at seven per cent, and Lagos State at four per cent of the value announced.” The records showed further that Morocco recorded investments commitments of $2.1bn while Nigerian local investors made investment commitments of $1.3bn. It added that investors from Malaysia made investment commitments of $0.9bn, while other unnamed nations cumulatively made investment commitments of $3.5bn. https://punchng.com/nigeria-records-15bn-investments-in-six-months/ 3 Likes 1 Share
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Re: Nigeria Records $15bn Investments In Six Months by TollaniINC(f): 11:36am On Aug 01, 2019 |
Why are people not investing in agriculture? I think the government needs to do more in this regard, who said we don’t want foreign Investment in Agriculture? Demand for plantain for example is less than the supply in Nigeria and that’s why it’s so costly 6 Likes |
Re: Nigeria Records $15bn Investments In Six Months by Antara0503(m): 2:11pm On Aug 01, 2019 |
Ok. |
Re: Nigeria Records $15bn Investments In Six Months by Simplyleo: 2:11pm On Aug 01, 2019 |
In this case, children of perdition will rather call it propaganda, media noise, lies and all sort of names. Or at best, it isn't buhari's making. If the reverse is the case, they will agree wholeheartedly because that is a good ground to start wailing out their intestines while insulting their ancestors. How they intend to continue this for the next 4 yrs is what I can't understand. 17 Likes 2 Shares |
Re: Nigeria Records $15bn Investments In Six Months by Deivid10(m): 2:12pm On Aug 01, 2019 |
Please how much was spent on looting, inflated project and unnecessary importations Wake me up when income and expenditure are placed side by side. 8 Likes |
Re: Nigeria Records $15bn Investments In Six Months by Auduambless(m): 2:12pm On Aug 01, 2019 |
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Re: Nigeria Records $15bn Investments In Six Months by gurunlocker: 2:12pm On Aug 01, 2019 |
I hope this is true, especially the mining industry that has gulp a lot of money and fail to revive! 1 Like |
Re: Nigeria Records $15bn Investments In Six Months by Injiggerwolf(m): 2:12pm On Aug 01, 2019 |
That's a sharp Decrease 1 Like |
Re: Nigeria Records $15bn Investments In Six Months by awa(m): 2:12pm On Aug 01, 2019 |
What is the need? |
Re: Nigeria Records $15bn Investments In Six Months by Glink2018(m): 2:13pm On Aug 01, 2019 |
TollaniINC: Because there's more money In oil sector than agric sector |
Re: Nigeria Records $15bn Investments In Six Months by Chiedu4Trump: 2:13pm On Aug 01, 2019 |
Lies 6 Likes |
Re: Nigeria Records $15bn Investments In Six Months by DWJOBScom(m): 2:13pm On Aug 01, 2019 |
APC Government and figures eh!! 10 Likes |
Re: Nigeria Records $15bn Investments In Six Months by RisMas(m): 2:13pm On Aug 01, 2019 |
Wailers will avoid this thread like plague, They dont like to read good news. May the lord soften your hearts oOo 3 Likes 1 Share |
Re: Nigeria Records $15bn Investments In Six Months by shogsman(m): 2:13pm On Aug 01, 2019 |
Without anything to show for it 3 Likes |
Re: Nigeria Records $15bn Investments In Six Months by untainted: 2:15pm On Aug 01, 2019 |
Hmmmm |
Re: Nigeria Records $15bn Investments In Six Months by OgbanjeProphet: 2:15pm On Aug 01, 2019 |
Me eeeh, I no trust those figures and statistics presented above. How can I trust a government that keeps saying that Boko Haram has been defeated, even when Boko Haram is still detonating bombs at their backyards? 7 Likes 1 Share
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Re: Nigeria Records $15bn Investments In Six Months by EkunKekere: 2:16pm On Aug 01, 2019 |
Re: Nigeria Records $15bn Investments In Six Months by Empredboy(m): 2:16pm On Aug 01, 2019 |
TollaniINC:why not start first then others will follow 1 Like |
Re: Nigeria Records $15bn Investments In Six Months by newmoney133: 2:16pm On Aug 01, 2019 |
Investment on paper.smhfn 1 Like |
Re: Nigeria Records $15bn Investments In Six Months by Blue3k(m): 2:17pm On Aug 01, 2019 |
Comparatively, the proposed investments for the first half of this year showed a 67 per cent decline when compared to the corresponding period of 2018. that's disappointing. The FDI been cratering. I would blsme the monetary policy weak economy. There's simply better places to make returns. 3 Likes 1 Share |
Re: Nigeria Records $15bn Investments In Six Months by Injiggerwolf(m): 2:17pm On Aug 01, 2019 |
KingOdart: 67% ? This is Bad 1 Like |
Re: Nigeria Records $15bn Investments In Six Months by Ekakamba: 2:18pm On Aug 01, 2019 |
An de no show for her citizens, 1 Like |
Re: Nigeria Records $15bn Investments In Six Months by andrew12(m): 2:18pm On Aug 01, 2019 |
Wash |
Re: Nigeria Records $15bn Investments In Six Months by OndoTrends: 2:18pm On Aug 01, 2019 |
O |
Re: Nigeria Records $15bn Investments In Six Months by airminem(f): 2:19pm On Aug 01, 2019 |
I have a professor at my university who has been married to his wife for 39years, and they have no children. He calls us his children and always talks about how he and his wife are inseparable. He's a really eccentric and energetic male, even in his 70's. He gives out pocket money to the entire class before every lecture he gives. He seems like he truly loves life and has no regrets about not having any children. 3 Likes |
Re: Nigeria Records $15bn Investments In Six Months by ManspaceBarber(m): 2:20pm On Aug 01, 2019 |
Information and communication on the list of sectors that gained investment is cool. However, direct investment on technology and tech startups would be a promising one. Hopefully by the 2nd half of the year tech startup investment would roll into billion dollars. |
Re: Nigeria Records $15bn Investments In Six Months by LZAA: 2:21pm On Aug 01, 2019 |
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Re: Nigeria Records $15bn Investments In Six Months by Nobody: 2:21pm On Aug 01, 2019 |
TollaniINC: Agriculture is solely for Nigerians. I don't want Americans farming my crops 2 Likes |
Re: Nigeria Records $15bn Investments In Six Months by Oyimeoyimemua(f): 2:21pm On Aug 01, 2019 |
K |
Re: Nigeria Records $15bn Investments In Six Months by LZAA: 2:21pm On Aug 01, 2019 |
airminem:
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