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Twenty-Six Nigerian States Record Zero Foreign Investment In 2020 - Politics (2) - Nairaland

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Kaduna, Abia, Rivers… 28 States Attracted Zero Foreign Investments In Six Months / Rivers, Kano, Abia… 27 States Attracted Zero Foreign Investments In 2022 / Peer Review: Edo, Kwara, Kaduna States Record About 400% IGR Increase In 3 Years (2) (3) (4)

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Re: Twenty-Six Nigerian States Record Zero Foreign Investment In 2020 by Sofistcatdmoron: 7:43pm On Feb 08, 2021
grin
Re: Twenty-Six Nigerian States Record Zero Foreign Investment In 2020 by specialmati(m): 7:44pm On Feb 08, 2021
grin grin grin grin grin funny country.where is mr president self
Re: Twenty-Six Nigerian States Record Zero Foreign Investment In 2020 by brandsoncharlie: 7:45pm On Feb 08, 2021
Omo

Re: Twenty-Six Nigerian States Record Zero Foreign Investment In 2020 by Artzdanielsz(m): 7:46pm On Feb 08, 2021
LadySarah:
I knew Abia would. Okezie has been spending money lately and commissioning roads like crazy.

Commerce is doing well here, if you don't have what gives you food, you did yourself.
My sister okézie is trying for road in aba ooooo. I surprise. The guy dey do road as if he won lottery

3 Likes

Re: Twenty-Six Nigerian States Record Zero Foreign Investment In 2020 by nwodopetre(m): 7:47pm On Feb 08, 2021
haba, even River state.. i no believe am.

1 Like

Re: Twenty-Six Nigerian States Record Zero Foreign Investment In 2020 by Godgift09: 7:48pm On Feb 08, 2021
Cross River and Kogi States why?? Despite not recording any case of covid in the heat of it all yet no FDI

1 Like

Re: Twenty-Six Nigerian States Record Zero Foreign Investment In 2020 by Nobody: 7:49pm On Feb 08, 2021
EmeraldKing7:
Factors that caused it

1.The Pandemic

2.Quadriplegic state of the power sector in the country

3.Political insecurity

4.Bad Infrastructure
2 3 4

covid is general
Re: Twenty-Six Nigerian States Record Zero Foreign Investment In 2020 by Demurkelly: 7:49pm On Feb 08, 2021
Artzdanielsz:

My sister okézie is trying for road in aba ooooo. I surprise. The guy dey do road as if he will lottery


Ahswr o.....they guy jus dey shock everybody

4 Likes

Re: Twenty-Six Nigerian States Record Zero Foreign Investment In 2020 by kalu61(m): 7:49pm On Feb 08, 2021
LadySarah:
I knew Abia would. Okezie has been spending money lately and commissioning roads like crazy.

Commerce is doing well here, if you don't have what gives you food, you did yourself.
OVI just woke up from sleep. PDP working because of APC threat in 2023 .

Na solid road we need

2 Likes

Re: Twenty-Six Nigerian States Record Zero Foreign Investment In 2020 by Nobody: 7:49pm On Feb 08, 2021
Helinues


Cc lzaa

1 Like 1 Share

Re: Twenty-Six Nigerian States Record Zero Foreign Investment In 2020 by KunleyY19(m): 7:51pm On Feb 08, 2021
I know say Kwara go dey there.
Re: Twenty-Six Nigerian States Record Zero Foreign Investment In 2020 by iamJ(m): 7:53pm On Feb 08, 2021
Who wan invest? When turnover na 30% bribes and police settlements

Its better to invest your money elsewhere
Re: Twenty-Six Nigerian States Record Zero Foreign Investment In 2020 by Lexusgs430: 7:57pm On Feb 08, 2021
Which sane person would invest in a country like Nigeria?......

Before you even start any process, lots of brown envelopes must flow uncontrollably........ cheesy

They change policies like the British weather......... grin
Re: Twenty-Six Nigerian States Record Zero Foreign Investment In 2020 by captainamiedi1: 7:58pm On Feb 08, 2021
With the high rate of yahoo in Delta, no foreign investment? I thought they said yahoo boys are the one investing while politician steal to abroad. And yahoo boys are from them to invest here. Useless excuses for crime
Re: Twenty-Six Nigerian States Record Zero Foreign Investment In 2020 by Kennyswag: 8:02pm On Feb 08, 2021
Wait $20k dollar investment?

1 Like 1 Share

Re: Twenty-Six Nigerian States Record Zero Foreign Investment In 2020 by Fiscus105(m): 8:02pm On Feb 08, 2021
A report said Kogi is highest FDI because of not shutting down economy during 2020 covid 19. Now, less than 2 months another report listed Kogi state as one of zero FDI.


Indeed naija is a joke

3 Likes

Re: Twenty-Six Nigerian States Record Zero Foreign Investment In 2020 by TemmyT002(m): 8:04pm On Feb 08, 2021
I know say Ekiti go dey there.
Sighs
Re: Twenty-Six Nigerian States Record Zero Foreign Investment In 2020 by BlackfireX: 8:07pm On Feb 08, 2021
ijustdey:
The year’s foreign investment fell by 59.7 per cent, and only 10 states and Abuja received inflows.


https://www.premiumtimesng.com/news/headlines/441330-twenty-six-nigerian-states-record-zero-foreign-investment-in-2020.html



SW and North well represented grin
Re: Twenty-Six Nigerian States Record Zero Foreign Investment In 2020 by CSTRR: 8:09pm On Feb 08, 2021
It's a macroeconomic policy failure of the FG.

The states have little fault on this.
A FG that closes borders, restricts crypto, prevents free market economy will not get investment.

It's not rocket science.

Just like osinbajo said, let us close shop.

2 Likes

Re: Twenty-Six Nigerian States Record Zero Foreign Investment In 2020 by Litmus: 8:11pm On Feb 08, 2021
Lexusgs430:
Which sane person would invest in a country like Nigeria?......

Before you even start any process, lots of brown envelopes must flow uncontrollably........ cheesy

They change policies like the British weather......... grin

Are the following places in your country and not in Nigeria?: quote, Lagos emerged as the top destination for capital investment in Nigeria with $8.3 billion, followed by Abuja, which received $1.3 billion. The others on the list are Abia State with relatively lower $56 million, Niger with $16.4 million, and Ogun with $13.4 million.
Re: Twenty-Six Nigerian States Record Zero Foreign Investment In 2020 by CSTRR: 8:12pm On Feb 08, 2021
The FDI inflow is at all time low.

And the alarming thing is that it is still going to fall even further.

Local investments are being crippled, why will foreign come in?
Look at what happened to Gokada?

And the CBN is playing ping-pong with the economy and investors hate unstable policies.

1 Like

Re: Twenty-Six Nigerian States Record Zero Foreign Investment In 2020 by PROUDIGBO(m): 8:13pm On Feb 08, 2021
EmeraldKing7:
Factors that caused it

1.The Pandemic

2.Quadriplegic state of the power sector in the country

3.Political insecurity

4.Bad Infrastructure

I think you meant to say EPILEPTIC. grin
Re: Twenty-Six Nigerian States Record Zero Foreign Investment In 2020 by fkj950ax(m): 8:13pm On Feb 08, 2021
LadySarah:
I knew Abia would. Okezie has been spending money lately and commissioning roads like crazy.

Commerce is doing well here, if you don't have what gives you food, you did yourself.

If those are the things the FDI to the state was used for, then there is a big problem for the State very shortly. FDIs come with an expected RoI.
Re: Twenty-Six Nigerian States Record Zero Foreign Investment In 2020 by EmeraldKing7(m): 8:14pm On Feb 08, 2021
PROUDIGBO:


I think you meant to say EPILEPTIC. grin

They are different bro
Re: Twenty-Six Nigerian States Record Zero Foreign Investment In 2020 by CSTRR: 8:14pm On Feb 08, 2021
Litmus:


Are the following places in your country and not in Nigeria?: quote, Lagos emerged as the top destination for capital investment in Nigeria with $8.3 billion, followed by Abuja, which received $1.3 billion. The others on the list are Abia State with relatively lower $56 million, Niger with $16.4 million, and Ogun with $13.4 million.
$8.3b is nothing.
South Africa made more than that from tourism alone.
We are not even talking about FDI.

The total FDI into NIgeria is less than $10b.

That is a crying Shame.

5 Likes 1 Share

Re: Twenty-Six Nigerian States Record Zero Foreign Investment In 2020 by Shine86: 8:18pm On Feb 08, 2021
blinking001:
Nobody should come here and blame Buhari ...blame your state Governors, federal house of reps members, senators for the lack of foreign investments in your respective states and leave Buhari out of the equation.......
thanks my brother, next election they will go and vote governors that lacks managerial skills, bereft of ideas and those without national clout to attract local investors not to talk of international posture to attract foreign investors.

3 Likes

Re: Twenty-Six Nigerian States Record Zero Foreign Investment In 2020 by CSTRR: 8:18pm On Feb 08, 2021
LadySarah:
I knew Abia would. Okezie has been spending money lately and commissioning roads like crazy.

Commerce is doing well here, if you don't have what gives you food, you did yourself.
56million dollars for a whole year is what you are rejoicing about?

A paltry 56 million dollars.

And I am sure a large percentage of that went to onto oil extraction.

2 Likes

Re: Twenty-Six Nigerian States Record Zero Foreign Investment In 2020 by CSTRR: 8:22pm On Feb 08, 2021
Shine86:
thanks my brother, next election they will go and vote governors that lacks managerial skills, bereft of ideas and those without national clout to attract local investors not to talk of international posture to attract foreign investors.
The FG has more to do with foreign investment than any governor.

If investors can't repatriate their profits quick due to a CBN policy, or struggling with a Federal policy, there is nothing your governor can do to attract them.

In fact, the governor should build roads like the German autobahn, they will not come.

We will need to know the root cause of problems and address them strategically.

1 Like

Re: Twenty-Six Nigerian States Record Zero Foreign Investment In 2020 by Nobody: 8:24pm On Feb 08, 2021
and that's the way it starts, very soon we will enter poorest countries category. so out of all the resources we have Nigerian government cant create job for citizens, Shameful

1 Like

Re: Twenty-Six Nigerian States Record Zero Foreign Investment In 2020 by CSTRR: 8:25pm On Feb 08, 2021
An efficient power sector alone can bring investment than anything any governor can do.

Taxation, monetary policy, these are things that affects foreign investment.

No governor controls those.

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