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Nigeria Rated Africa’s 19th Most Attractive Investment Destination by Truth234(m): 4:59am On Jul 04, 2017 |
Nigeria is the 19th most attractive economy for investments flowing into the African continent, a new report has indicated. The Africa Investment Index 2016 report showed that Nigeria attracted a net Foreign Direct Investment of $3.1bn in 2015. According to the index, African investment destinations attracted an overall FDI of US $13.6bn. Botswana was ranked the most attractive economy for investments flowing into the African continent followed by Morocco, Egypt, South Africa and Zambia. The report was released by Quantum Global’s independent research arm, Quantum Global Research Lab. Commenting on the report, the Head, Quantum Global Research Lab, Prof. Mthuli Ncube, said, “Despite the current economic challenges, we are quite confident on the medium to long-term market prospects. Nigeria has earmarked a significant amount of capital to develop critical infrastructure in the country and there are various opportunities for public private collaboration providing investors’ returns on their investments. “We anticipate that investment in infrastructure will underpin the growth of the economy and meet the needs of a large Nigerian growth population.” Following the decline in oil prices, which impacted various African oil producing nations, the Federal Government has intensified its effort towards diversifying the economy and has laid out a road map to enhance public infrastructure and support high-growth sectors in the country such as manufacturing, ICT, agriculture, among others. This is aimed at meeting local demand along with boosting exports globally in the short-to medium term to stabilise the macro-economy. Nigeria, the biggest economy in Africa with a gross domestic product of $415bn, is projected to grow to about $595bn by 2020. According to the index, this presents a big market for goods and services. In this sector, the GDP per capita currently at 2,260 is projected to leap to $2, 907 by 2020, which could boost consumption and domestic demand. Remarking on Nigeria’s economy, Ncube further said, “The short to medium-term focus of the Federal Government is to reduce imports and address primary sector blockages, such as roads, bridges, power, railway, aviation, water, housing, agriculture, education and health. Despite the current market volatility, Nigeria presents tremendous investment opportunities in these areas, which would not only support the local economy but also deliver significant yields to foreign investors.” The Federal Government has implemented various reforms to boost and restructure the economy including the introduction of the Nigeria Industrial Revolution Plan, establishing the Enabling Business Environment Council to make Nigeria more attractive for investments, and the microcredit scheme in the 2016 budget, which will see the Bank of Industry, overseeing the disbursement of loans to 1.6 million traders, artists, farmers and young entrepreneurs over the next 12 months. http://investorsking.com/nigeria-rated-africas-19th-attractive-investment-destination/ 2 Likes |
Re: Nigeria Rated Africa’s 19th Most Attractive Investment Destination by sukkot: 7:44am On Jul 04, 2017 |
thats cool brah |
Re: Nigeria Rated Africa’s 19th Most Attractive Investment Destination by veekid(m): 7:44am On Jul 04, 2017 |
How? |
Re: Nigeria Rated Africa’s 19th Most Attractive Investment Destination by Nobody: 7:44am On Jul 04, 2017 |
Nigeria have always been a goldmine right from time.. What's killing us is the so much importance we lay on education.. Millions of capable hands who should help improve the economy are behind the classroom, wasting away time and resources. The good thing is, the things we overlook can fetch us huge cash if done well.. They are so easy and humble that we always overlook them easily. Take for instance, snails farming.. If you can produce over 1000 mature snails and sell for N50 each, that's about N50,000. And the thing is, you can produce more than that and it's so easy to start Up. Not capital intensive. Let's take a look at egg supply business.. this another lucrative business out there.. cucumber farming is also a good business to invest in. one cucumber goes for over N100, even more. if you can start a farm and produce like one bag, just do the maths and be wowed. I won't talk about poultry nor fish farming.. These have made many secret millionaires what about importing goods from china which is as easy as facebooking... hmm... I won't say much.. but opportunities abound in niaja.. Most of these businesses are high in demand. You don't even need to worry about locating your target market.. All you'll need to do is keep producing as your Customer base keeps going higher.. visit www.entmirror.com let's talk business. 11 Likes 1 Share |
Re: Nigeria Rated Africa’s 19th Most Attractive Investment Destination by SexyNairalander: 7:44am On Jul 04, 2017 |
booked please who have a job to offer me in Enugu? I will be happy to work, I am becoming too jobless and it's affecting me cos am not used to it 2 Likes |
Re: Nigeria Rated Africa’s 19th Most Attractive Investment Destination by Caustics: 7:45am On Jul 04, 2017 |
Re: Nigeria Rated Africa’s 19th Most Attractive Investment Destination by Nobody: 7:45am On Jul 04, 2017 |
19th??................ 2 Likes |
Re: Nigeria Rated Africa’s 19th Most Attractive Investment Destination by Badboiz(m): 7:45am On Jul 04, 2017 |
19th... |
Re: Nigeria Rated Africa’s 19th Most Attractive Investment Destination by gunners160(m): 7:45am On Jul 04, 2017 |
s SexyNairalander:see an example of wat we go through everyday in Nigeria do we stil need any evidence to show that this people are lying? Yet they kept lying to us we are the 19th investment lubbish 11 Likes |
Re: Nigeria Rated Africa’s 19th Most Attractive Investment Destination by CROWNWEALTH019(m): 7:45am On Jul 04, 2017 |
We suppose they -19 not 19 |
Re: Nigeria Rated Africa’s 19th Most Attractive Investment Destination by NwaAmaikpe: 7:45am On Jul 04, 2017 |
19?? With kidnappers, Armed robbers, Ritualists Boko Haram, Mambila militia OPC Baddoo How is this possible? 2 Likes 1 Share |
Re: Nigeria Rated Africa’s 19th Most Attractive Investment Destination by Franzinni: 7:45am On Jul 04, 2017 |
They will soon have to learn Arabic too. When shekau. Is governor of lagos state... At the rate at which the islamization agenda is rolling.. 2 Likes |
Re: Nigeria Rated Africa’s 19th Most Attractive Investment Destination by Donniefred(m): 7:46am On Jul 04, 2017 |
We are fvc.ked again! 1 Like 2 Shares |
Re: Nigeria Rated Africa’s 19th Most Attractive Investment Destination by Saintbonnie(m): 7:46am On Jul 04, 2017 |
GIANT of AFRICA!!! |
Re: Nigeria Rated Africa’s 19th Most Attractive Investment Destination by Integrityfarms(m): 7:46am On Jul 04, 2017 |
Isn't this a bad precedence when we where once the first in investment destination. All thanks to APC for setting back the hands of a progressive Nigeria. 11 Likes |
Re: Nigeria Rated Africa’s 19th Most Attractive Investment Destination by rummeh: 7:47am On Jul 04, 2017 |
And we say we are the gaint of Africa.... 19th it's just.... Not acceptable 5 Likes |
Re: Nigeria Rated Africa’s 19th Most Attractive Investment Destination by three: 7:48am On Jul 04, 2017 |
19/54? Top 10 Botswana Morocco Egypta South Africa Zambia Cote d'Ivoire Algeria Tanzania Namibia Burkina Faso All better than Nigeria https://quantumglobalgroup.com/wp-content/uploads/2017/04/Africa_Investment_Index_April_2017_18.04.2017Final_Curves.pdf 1 Like |
Re: Nigeria Rated Africa’s 19th Most Attractive Investment Destination by Nobody: 7:48am On Jul 04, 2017 |
Boko haram Kidnapping Ritualist Badoo Ipob Drug Peddler Militant And we are 19th. God is wonderful. 2 Likes |
Re: Nigeria Rated Africa’s 19th Most Attractive Investment Destination by raker300: 7:49am On Jul 04, 2017 |
Giant of Africa is 19th in investment? Shame!! Nigeria's development nah audio...na only hear we dey hear am 13 Likes 1 Share |
Re: Nigeria Rated Africa’s 19th Most Attractive Investment Destination by raker300: 7:50am On Jul 04, 2017 |
Integrityfarms:from 3 under GEJ to 19 under APC 14 Likes |
Re: Nigeria Rated Africa’s 19th Most Attractive Investment Destination by Kennitrust(m): 7:50am On Jul 04, 2017 |
Ohk! what a backwardness
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Re: Nigeria Rated Africa’s 19th Most Attractive Investment Destination by exlinkleads(f): 7:50am On Jul 04, 2017 |
hmmmm no be only attractive watin attractive here? |
Re: Nigeria Rated Africa’s 19th Most Attractive Investment Destination by Ahmeduana(m): 7:50am On Jul 04, 2017 |
FROM NO 1 IN AFRICA AND NO 3 IN THE WORLD! INDEED WE ARE MOVING FORWARD! 8 Likes |
Re: Nigeria Rated Africa’s 19th Most Attractive Investment Destination by ignis: 7:51am On Jul 04, 2017 |
This is a backward movement. 2 Likes |
Re: Nigeria Rated Africa’s 19th Most Attractive Investment Destination by Thisis2raw(m): 7:52am On Jul 04, 2017 |
From 1st 3yrs ago to 19th.. . What a good CHANGE 9 Likes |
Re: Nigeria Rated Africa’s 19th Most Attractive Investment Destination by Tenim47(m): 7:53am On Jul 04, 2017 |
hope no one stil blame buhari |
Re: Nigeria Rated Africa’s 19th Most Attractive Investment Destination by TroubleMaker47(m): 7:53am On Jul 04, 2017 |
19th in Africa! 1 Like |
Re: Nigeria Rated Africa’s 19th Most Attractive Investment Destination by Pavarottii(m): 7:53am On Jul 04, 2017 |
"Nigerians will praise me when I leave office". GEJ. 15 Likes 2 Shares
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Re: Nigeria Rated Africa’s 19th Most Attractive Investment Destination by Ihateafonja: 7:54am On Jul 04, 2017 |
sai baba Visa fall on me 1 Like |
Re: Nigeria Rated Africa’s 19th Most Attractive Investment Destination by Thisis2raw(m): 7:55am On Jul 04, 2017 |
Tenim47:please who should we blame.. Be Cuz ayam nt understanding 1 Like |
Re: Nigeria Rated Africa’s 19th Most Attractive Investment Destination by sucess001(m): 7:55am On Jul 04, 2017 |
APC has messed up the economy big time 4 Likes |
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