₦airaland Forum

Am shocked China did not make the list.
So what about those mining Chinese company's in Nasarawa, Taraba, Kwara, Ogun, Osun, Jos doing in Nigeria?
Are we sure they do not have an ulterior motives.

Fallacy!

Rubbish write-up and topic, are they dashing nigeria money

Rubbish

God already blessed nigeria with oil, and politicians and cartel elite are stealing it

farouk2much:
Non

Canada maybe😁😁

That Belgium , and France I no trust am. Those ones give with one hand , and collect back with 10. If you don't meet up, they recolonize you one way or the very other.

I don't believe this list.

UK would come first na. They own Nigeria.

Lowmiles:
South Africa via MTN and DSTV

Remo omokri claimed dangote pays more in tax than what mtn and gotv pays FGN as tax monthly. The dude was trying to gaslight northanans to accept the tax reform bill sha

Honestly

datola:
Funny data

Cayman island fueling our economy......not even the size of Niger state, this is unbelievable!

Less than $10 billion for an over 200 million population is fuel Indeed.


Crude oil and Borrowing are the only things fueling the economy corruption in this country.

medropoly:
Am not surprised south africa came out second. with the likes of their companies (MTN, DSTV, GOTV, Shoprite) here extorting massively from us.
I even heard South Africa companies makes x10 gain in a year in Nigeria than they do in even their own country. Don't Know how true it is though.

Is that not why Jumia is closing their branches in South Africa, and Kenya to focus in the Nigerian market.


The news was everywhere some weeks ago.

Exousiang01:
Unfortunately Nigerians are too ignorant to stop playing the victim card...
They think everyone wants to eat from them

Everyone actually wants to eat from them, else there won't be no investment.


Are the businesses for charity purposes? 🙄

osuofia2:
No Russia on the list. Haters of the West how far?

And no China either. Such a shame.

mrjoeblinks:
Ehen?
.
Which country does Nigeria fuels its economy?

Benin, Togo

allen113:
Wetin Mauritius and Cayman Island they invest for Nigeria abeg? 😫🤲

These are financial dark holes for illicit money. If you know you know.

mrjoeblinks:
Ehen?
.
Which country does Nigeria fuels its economy?

Niger through Boko haram and bandits.

The UK has had the first spot on this list for as long as I can remember. The other day, some guy was telling me how Nigeria doesn’t need the West anymore as our partnership with China has taken over. Some people obviously don’t know the difference between foreign investment and construction contracts.

Lowmiles:
South Africa via MTN and DSTV

China and Russia no dey this list, but if you see the way some idiots will praise them, professing them to be their messiah.

Upon all the Huawei, Tecno, Redmi bla bla...
Nigeria still benefits more from the West than these authoritarian systems.

SA own na because of MTN and DSTV.
...and maybe the way their women like Nigerian deeeks.
What do I know?

Why is INDIA not on the list?

NOwazobia:
Everyone actually wants to eat from them, else there won't be no investment.


Are the businesses for charity purposes? 🙄

Would you prefer they don't invest?
Are the businesses not employing Nigerians.
You are one of the many ignorant people we are talking about

I don't trust this list, where is India and Lebanon? After indians and their large numbers of companies, the next are the Lebanese. These two are supposed to be on this list.

Remove the contributions from shell in the UK figure, let’s see what is left.

AmazingGenius:
Source: https://africa.businessinsider.com/local/markets/top-10-countries-fueling-nigerias-economy-through-foreign-investments-jan-sep/hd06fy1

I don't think South Africans are contributing to the economic growth of Nigeria. They are explioting Nigerians via MTN and gotv/dstv and they lost Chidinma Adetshina out of hatred for Nigerians.

I don't understand, where's India and China with their manufacturing companies scattered across the country?

mrjoeblinks:
Ehen?
.
Which country does Nigeria fuels its economy?

Una no dey shame sef?? No be una mate get the investments?? You think say na their government money?

Abi you no know say the likes of dangote, power companies owner go dey do one or two for neighbouring countries around us?

preciouswoman66:
Una no dey shame sef?? No be una mate get the investments?? You think say na their government money?

Abi you no know say the likes of dangote, power companies owner go dey do one or two for neighbouring countries around us?

You wey dey shame, which one you do?

Belgium na spark plug and used alternators and key starters cylinder gaskets and radiator make them reach am... Anambra boys don use that country launder and import used and spoilt car parts

Useless Chinkos are not investing anything and they our miners

AmazingGenius:
According to the National Bureau of Statistics, the United Kingdom has consistently emerged as Nigeria’s top investment partner, contributing a substantial $3.43 billion between January to September 2024.

• Business Insider Africa presents the top 10 countries fueling Nigeria's economy through foreign investments (Jan-Sep)

• The list is courtesy of the National Bureau of Statistics.

• The United Kingdom has consistently emerged as Nigeria’s top investment partner, contributing a substantial $3.43 billion between January to September 2024.

Capital importation is like fuel for Africa’s economy, bringing in the cash needed to drive growth and development across the continent.

For many African nations, attracting foreign investments is not just a strategy for growth, it is a necessity to address infrastructure deficits, stimulate job creation, and diversify economies that often rely heavily on natural resources.

However, achieving this has proven to be a daunting task, especially in regions grappling with political instability, policy uncertainty, and global economic shocks.

In Nigeria, the story is both hopeful and challenging. As Africa's most populous nation and its fourth-largest economy, Nigeria has immense potential to attract capital, and the government has made this a cornerstone of its economic agenda.

The administration has been working on reforms to improve infrastructure, and bring some calm to an otherwise turbulent economy. But challenges like inflation and a volatile currency remain hurdles in the race to attract big money.

According to the National Bureau of Statistics, the United Kingdom has consistently emerged as Nigeria’s top investment partner, contributing a substantial $3.43 billion between January to September 2024.

South Africa ranks second, contributing $1.02 billion. This significant figure highlights the growing intra-African investment ties, with South African businesses playing a key role in Nigeria's retail, telecommunications, and banking industries.

The Netherlands, with investments totalling $781.82 million, ranks third.
Source: https://africa.businessinsider.com/local/markets/top-10-countries-fueling-nigerias-economy-through-foreign-investments-jan-sep/hd06fy1

The UK Minister for Business and Trade, Kemi Badenoch has arrived in Nigeria to begin a 3-day visit to deepen the UK-Nigeria partnership.

A statement released by Senior Press & Public Affairs Officer and Comms Lead, Prosperity and Economic Development, Ndidiamaka Eze, disclosed that Minister Badenoch’s visit will take forward ongoing efforts by both countries to boost the UK-Nigeria trade relationship and unlock new investment opportunities.

Badenoch was appointed Secretary of State for the Department for Business and Trade on February 7, 2023.

She remains Secretary of State for International Trade and President of the Board of Trade on, which she was appointed to on 6 September 2022, and Minister for Women and Equalities for the Equality Hub, which she was appointed to on 25 October 2022.

=>https://www.nairaland.com/7997460/uk-minister-kemi-badenoch-arrives

Rubyjade:
UK via Japa

But someone was here claiming the Uk isa bad country to migrate to.

mrjoeblinks:
Ehen?
.
Which country does Nigeria fuels its economy?

We borrow to fuel China economy.

Where is China that floods our markets with their low quality products?