FOREIGN DIRECT INVESTMENT (FDI) INTO NIGERIA KEEPS GROWING UNDER THE BUHARI ADMINISTRATION!

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#PositiveFactsNG

 

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

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Source: Do You Know NG

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