₦airaland Forum

edgecution:
That Egypt FDI is mainly from USA to be able to control them. America gives Egypt Billions of dollars every year as assistance and aid. Those are the agreement signed with them since 1946. Without America Egypt will not be a NATION. You can google it. Nigeria did not sign those agreements with USA.

Nigeria also gets huge AIds from US and EA. Oga, go check Egypt abeg, forget talk, why is Ghana ahead of us too? Morocco is hosting worldcup, SA is ahead of us. So, what is ur excuse? Naija is ran by useless old men and women who do nothing but look the country dry, sink in tribalism and waste public fund.

chicfarmer:
I didn't contest for president. You knew what you signed up for when you declared for the seat.

See lazy man jive, na only president work to bring direct foreign investment to Nigeria?

Your own na just to dey internet they perambulate abi?

No wonder the country can never prosper, when we have peep like yaself in the majority.

Helinuse:
Lagos is beating their chest just because of LinkedIn posts.

Other countries are counting their billions.

Whilst you for Nigeria still dey struggle to count ordinary 1 million Naira abi?

How much even dey your bank account?

Princedapace:
Nigeria also gets huge AIds from US and EA. Oga, go check Egypt abeg, forget talk, why is Ghana ahead of us too? Morocco is hosting worldcup, SA is ahead of us. So, what is ur excuse? Naija is ran by useless old men and women who do nothing but look the country dry sink in tribalism and waste public fund.

Charity they say begins @ home, u personally, if u are any better than the old men & women that u mentioned, can u please tell us how much foreign direct investment you attracted for yourself, or business in the last one year?

Burob:
Charity they say begins @ home, u personally, if u are any better than the old men & women that u mentioned, can u please tell us how much foreign direct investment you attracted for yourself, or business in the last one year?

Over 25k USD baba, I am a fullstack developer and earn $$.
I am not responsible to Nigeria. Nigerian politicians are the people we should hold becus they actually do nothing but are super taken care of by the country's sweat. Like, as we dey hustle for fuel, tjey get free fuel. They are over taken care of. It is their duty to bring in FDI, not me who earns nothing from Nigeria. And by the way, I personally attracted over 25k USD into my busiensss.

Princedapace:
Over 25k USD baba, I am a fullstack developer and earn $$.
I am not responsible to Nigeria. Nigerian politicians are the people we should hold becus they actually do nothing but are super taken care of by the country's sweat. Like, as we dey hustle for fuel, tjey get free fuel. They are over taken care of. It is their duty to bring in FDI, not me who earns nothing from Nigeria. And by the way, I personally attracted over 25k USD into my busiensss.

If what u are saying is true, then u try small, I cannot knock your hustle.

Burob:
If what u are saying is true, then u try small, I cannot knock your hustle.

That is why I have been screaming that these b%stard old men will sit in office, paddle budget, loot project money, get extremely well paid, buy new cars every few years, taken care of by the state, yet we hustled to get small dollars into the country and these moda fuckers want to tax me like UK. Are u providing same facilities like the UK? U havent blocked leakages, u havent handled corruption, u havent handled wastage, u havent provided amenities but u want up to 25 percent of my foreign sourced income, that is criminality. Nigeria is evil.

I decided to research into it as the figure for Egypt seemed quite huge.

So, I search "who were the Federal Direct Investors in Egypt 2024" on Google and this was what AI mode gave me:

The primary foreign direct investor in Egypt in 2024 was the United Arab Emirates (UAE), largely due to a single, landmark real estate development deal.

The UAE, through its sovereign wealth fund ADQ, made a massive $35 billion investment for the development of the Ras El Hekma peninsula on Egypt's Mediterranean coast. This deal alone accounted for the majority of Egypt's total FDI inflows, which reached a record $46.1 billion in the fiscal year 2023/2024.

Leading Foreign Direct Investors (FY 2024)

According to data for the 2023/2024 fiscal year, the top countries for FDI inflows to Egypt were:

United Arab Emirates: $38.94 billion

United States of America: $3.01 billion

United Kingdom: $2.94 billion

Italy: $2.10 billion

The Netherlands: $924.3 million

Saudi Arabia: $775.5 million

Other significant financial support and investment commitments were made by multilateral partners, including expanded loan agreements from the International Monetary Fund (IMF) and financial packages from the World Bank and the European Union.

This makes sense. The investment by the UAE was outsized. It isn't typical.

However, if we exclude that from the UAE, it would amount to around $9.5bn. This is about 2.5% of GDP which seems fair.

The country has done well overall.

Nigeria is lagging considering where it is coming from: from the collapsed economy Buhari bequeathed on his successor, which is now going through a turnaround. It would take sometime before investors start flooding back.

Very funny.

Why go looking for what you already have?

What is FDI? Is it not Investments from Foreigners? How much do we have in the Foreign Reserves idling away at one digit interest rate while we go borrow from the same institution holding our funds in two digits interest rates?

Our mumu will never do.

owobokiri:
The irony here is that Nigeria most probably budgets and spends more cash looking for FDIs globally than all the rest put together... The huge entourage, the fat estacodes, the endless globetrotting...

No business ran the way these platoon of kleptomanaics run Nigeria will not go into bankruptcy. How can you spend nearly 80% of your total earnings on recurrent expenditures as act like everything is ok upstairs

The prime reason why FDI fled Nigeria was Buhari's epic mismanagement. Tinubu and government officials need to go out and hunt for investors. They won't come in hordes that easily.

The government can do more to bring them by cutting the company tax rate from 25% to nothing more than 19%.

However, Tinubu is on a good start.

Who will invest in insecurity?

Who go come invest in insecurity country??

Burob:
How much foreign direct investment did u, Memphis357, risingblue008 & chicfarmer attract, collectively, or separately?

Some clueless persons, take pride in pointing fingers. & blaming others for their own laziness.

Let others go & bring foreign investments to Nigeria for u people, whilst u all just troll around on the internet gallivanting abi?

I have landed properties in Nigeria that were TOTALLY bought with resources raised outside the country.
I said it in another thread that since my graduation in Nigeria, i never worked for any company but for myself. Even when I travelled, I worked for myself from Day one!

I left Nigeria with less than a thousand usd in my pockets. So whatever I have as at today as investments in Nigeria, were basically made from funds raised outside Nigeria..
I have also said it here that if not for tribalism, the starting point for the federal government calls for FDIs should be with disasporan Nigerians..

Now your turn! Tell us how many kiriji investments you have made from your 30k/month APC Internet parapo job

What could be the best possible reason for this?

mrvitalis:
FDI is a double edge sword can kill an economy but can also grow an economy

Not every FDI is good in fact most are harmful. To most economy

Stop typing nonsense. Double edged sword una

Helinuse:
Lagos is beating their chest just because of LinkedIn posts.

Other countries are counting their billions.

Other countries don't have brain dead citizens who spend significant time online running down their own country.

owobokiri:
The irony here is that Nigeria most probably budgets and spends more cash looking for FDIs globally than all the rest put together... The huge entourage, the fat estacodes, the endless globetrotting...

No business ran the way these platoon of kleptomanaics run Nigeria will not go into bankruptcy. How can you spend nearly 80% of your total earnings on recurrent expenditures as act like everything is ok upstairs

They're churning phantom figures upandan to show everything is going well.

If the land is safe and healthy for business, FDI will come and minimal efforts would be needed to draw more in.

Burob:
How much foreign direct investment did u, Memphis357, risingblue008 & chicfarmer attract, collectively, or separately?

Some clueless persons, take pride in pointing fingers. & blaming others for their own laziness.

Let others go & bring foreign investments to Nigeria for u people, whilst u all just troll around on the internet gallivanting abi?

FDI is not attracted by random citizens on internet, it is attracted by governments that create stable, credible, and profitable environments.

Private individuals don’t control macro-economic policy, exchange-rate stability, security, power supply, infrastructure
regulatory consistency

Governments do.

If after all these foreign trips, bloated delegations, and obscene estacodes, Nigeria is still struggling to attract sustainable FDI, the failure belongs to Tinubu and others paid to govern, not citizens asking questions.

Holding leaders accountable is not laziness.
It’s literally the job of citizens in a democracy

Just shut up if you have nothing meaningful to say

mrvitalis:
FDI is a double edge sword can kill an economy but can also grow an economy

Not every FDI is good in fact most are harmful. To most economy

ElSudani:
Other countries don't have brain dead citizens who spend significant time online running down their own country.

I guess that is what have been making Lagos beat their chest and yet attracting only about 1 billion ?

I guess Egypt has not critics of their government.

You want to enjoy the power of government, yet want to space the criticism of it.


OlodoRekpete

Burob:
Whilst you for Nigeria still dey struggle to count ordinary 1 million Naira abi?

How much even dey your bank account?

Relaxxxx

You have more than me in your bank account.

Oga wey dey form “how much do you have?”

Memphis357:
It's safe to say that Bola Ahmed Tinubu is a complete DULLARD when it comes to governance.
He doesn't ANYTHING asides politics.
President Buhari 2.0!
Tueh!!🤮🤮🤮🤮

He's worse than Buhari sincerely

All metrics indicates that

Considering the level of collusion and dishonesty of Nigerians in Nigeria not bad.

owobokiri:
The irony here is that Nigeria most probably budgets and spends more cash looking for FDIs globally than all the rest put together... The huge entourage, the fat estacodes, the endless globetrotting...

No business ran the way these platoon of kleptomanaics run Nigeria will not go into bankruptcy. How can you spend nearly 80% of your total earnings on recurrent expenditures as act like everything is ok upstairs

Helinuse:
I guess that is what have been making Lagos beat their chest and yet attracting only about 1 billion ?

I guess Egypt has not critics of their government.

You want to enjoy the power of government, yet want to space the criticism of it.


OlodoRekpete

Show me the websites online where Egyptians go to run down their country like some of you gleefully do on Nairaland, Facebook and Twitter.
You call yourselves critics? More like useful... you know what.

Ask Burkinafaso. You don’t need much FDI. Enough Nigerians with Nigerian madness will do.

You don’t need this

BlackViper:
FDI INFLOWS INTO AFRICA(2024) — BY COUNTRY
(FDI — Foreign Direct Investment Inflows)



Source

aworatak:
If you probe deeper you will discover that the Egyptian government never sent any delegation to those nations before they invested in their country.

..abi.
And to attract foreign investments the federal government has to provide a conducive environment for businesses, companies, industries to thrive .. like constant electricity light supply, good roads network, appreciate and strengthen the naira inorder for naira to have value, low interest credit loans, rural development, fuel, and diesel at a lower price , a secured environment and country..this will attract a lot of foreign investments into the country

Egypt’s do not have Obidients who are all over the internet demarketing their country

Nigeria in a sorry state.
The APC keep telling lies that all is well.

owobokiri:
The irony here is that Nigeria most probably budgets and spends more cash looking for FDIs globally than all the rest put together... The huge entourage, the fat estacodes, the endless globetrotting...

No business ran the way these platoon of kleptomanaics run Nigeria will not go into bankruptcy. How can you spend nearly 80% of your total earnings on recurrent expenditures as act like everything is ok upstairs

Data boys will say " if e reach your turn keep your children for house"

I stopped giving an eff about nigeria, just my mum and dad tying me to that shthole.

Shame !

Shame!!

Shame !!!

LegendHero:
They worked on a project during that period

Their 2025 FDI is almost 1/4 of that

Stop making all these nonsense excuses. Can't Nigeria also work on a project too,? Oh I forgot! The country is riddled with bandits, terrorists, killer Fulani herdsmen, kidnappers and UGM. Investors are not blind. Don't go looking for them, they are even the one looking for a safe haven to invest.
After these sycophancy, I wonder if Una brains fit ever return to normal