Nigeria under the Buhari administration has become the favourite destination for foreign investors.
Nigeria is West Africa’s largest recipient of Foreign direct investment (FDI) as its flow doubled to $4.8 billion in 2021, mainly because of a resurgence in investments in the oil and gas sectors.
UNCTAD’s World Investment Report 2022 revealed that the FDI to African countries generally hit a record $83 billion in 2021.
Latest report by the United Nations Conference on Trade and Development (UNCTAD) revealed that the international project finance deals in Nigeria jumped to $7 billion. These included the $2.9 billion Escravos Seaport project to construct an industrial
Source: Do You Know NG