Federal government has disclosed that it’s recorded a total of 24.1 billion dollars foreign
investment in two years from various sector of the economy.
The Executive Secretary, Nigerian Investment Promotion Commission NIPC, Ms.
Sadiku, who made this known while briefing journalists in Abuja, noted The foreign
capital inflow that came into the country in 2016 was 5.4 billion dollars, and the bulk of it
is portfolio investment, while in 2017, it was 12.5 billion dollars.
Sadiku said, “In the first quarter of 2018, the inflow was 6.3 billion dollars and this is
more than all inflows that came in 2016 and in third quarter in 2017".
According to her, "the commission has a One-Stop Investment Centre as a strategy to
streamline investment procedures, provide prompt, efficient and transparent services
and coordinate investment-facilitating agencies.
“The centre provides statistical data and information on the Nigerian economy,
investment climate, legal and regulatory framework as well as sector and industry
“All these are to aid existing and prospective investors in making informed business
decisions,’’ Sadiku said.
According to her, there is the need for the states to be receptive to attract investors.
Sadiku said that the commission was working with state governments to improve
national competitiveness, adding that it would achieve its broad objectives without the
involvement of the states.
“The states must be receptive to attract investors because investors go to where they can
get attention and a friendly environment,’’ Sadiku said.
Sadiku said the commission had concluded plans to build a database which would
showcase opportunities that abound in the states.
According to her, Nigeria has abundant opportunities for investment in priority sectors
of agriculture, power, manufacturing, solid minerals, critical infrastructure and waste
Sadiku said the commission would build online investment to allow investors access
investment opportunities from anywhere.
To this end, she noted that the commission would organise a summit which would hold
from May 21 to May 23, in order to attract long term investment into agriculture,
transport, power, gas, manufacturing, processing and information and communication
“It will offer a platform for discussing investment needs and goals without the need for
investors to travel to various locations in Nigeria to see projects,’’ Sadiki sai. She added
that the commission's main objective was to promote and position the country.