Lagos, Bayelsa, Delta lead as investment pledges for Nigerian economy surges 39%

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The economy drew $23.3 billion worth if investment in 2021 compared to the $16.7 billion recorded in 2020....................

has said investment pledges from domestic and international investors for Nigeria accelerated by 39 per cent last year.

“The increase in value is indicative of the growing adaptation to the global ‘new normal’ after the economic disruption occasioned by the restrictions imposed to check the spread of COVID-19 pandemic,” Emma Offor, NIPC’s acting executive secretary said Wednesday in Abuja. NIPC noted that the year 2021 was a critical one for investors in Nigeria and globally as Africa’s largest economy recovers from the headwinds of COVID-19.

The manufacturing sector had the highest number of projects as well as the highest value, US$10.5 billion . Construction , electricity, gas, steam and air conditioning supply , information and communication , and mining and quarrying made up the top 5 sectors for the year

 

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