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Wednesday 23 June 2021
HomeAfricaNigeria : FDIs into Nigeria hit US$59.6b

Nigeria : FDIs into Nigeria hit US$59.6b

Foreign Direct Investments (FDIs) into Nigeria from across the world have risen from US$30 billion in 2012 to US$59.6 billion this year, according to Trade and Investments Minister Olusegun Aganga.

The private Vanguard newspaper Monday quoted the minister as saying the investments cut across various sectors of the economy such as manufacturing, petrochemical and automotive industry.

Dr.  Aganga said the investments have also created jobs for Nigerians and revenues for the government.

‘‘In 2011, FDI was US$15 billion, it increased to US$30 billion in 2012 and further went up to US$46 billion in 2013 and US$59.6 billion current year,” the Minister added.

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