Foreign investors in several sectors of the Nigeria economy made investment commitments to the tone of $15.15 billion within the first half of 2019.

Figures obtained from the Nigerian Investment Promotion Commission, NIPC, shows 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 Nigerian economy.

According to NIPC records, mining and ‎quarrying recorded investment announcements of $12.3 billion averaging 81 per cent of the total investment proposal made

Manufacturing also recorded $2.2bn worth of investment announced.

Within the period under review,‎ finance and insurance recorded $200 million investment worth; while information and communication $200 million.

Get more stories like this on Twitter

AD: To get thousands of free final year project topics and other project materials sorted by subject to help with your research [click here]


More Stories