Foreign investment into Nigeria drops by 43% – UN report

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Foreign direct investment in Nigeria, Africa’s top oil producer, plunged by 43 per cent to $2bn, according to a United Nations report.

reported on Thursday that investors were put off by a dispute between the government and South African telecom giant MTN over repatriated profits. Banks HSBC and UBS both closed representative offices there in 2018.

It said the development of new mining and oil projects, a new US development-finance institution and the ratification of an agreement to create a continent-wide free-trade area could further boost foreign direct investment in 2019. President Cyril Ramaphosa, who took office last year pledging to revive the economy, is seeking to attract $100bn in FDI to Africa’s most developed economy by 2023.

 

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Tired of bad news in this country, when can we start having the good news

But BashirAhmaad what is happening here ?

This is the handwork of Bukola Saraki. We knew the moment, we saw his post abroad. Qua! Qua! Qua!

Give BUHARI 100years Nigeria will remain poor poor poor poor poor poor poor poor poor poor poor poor poor poor poor poor poor poor poor poor poor poor poor poor poor poor poor poor poor poor poor poor poor poor poor poor poor poor poor poor

Foreign investment into Nigeria has picked up. We have more cows from Ecowas coming in with arms and helping to reduce population

We Neva c anything for dis country

Hmmm, what a dividend of democracy.

This is fake news to incite people against my government.

16years of PDP and Clueless GEJ is responsible for this. We go dey alright las las

There is rice in Kano

Punch newspaper might soon be in Buhari's trouble

It will keep dropping.

🤦🏾‍♂️

Most foreign investments in the country are liquidating. Maybe they know what we don't and it's really scary.. Imagine Mobil and Shell outsourcing most of their services.

Isn't this man doing great things. From election rigging to economic failure. Buhari is really trying. I praise all the Buharists. Their god is doing wonders

dondekojo It's lie because no free money for UN, Buhari 2030

What do we need their foreign investments for when there's rice in Kano?

Does it mean Ghana, Tanzania, Uganda and others that FDI increased have more to offer foreign investors than Nigeria, cos i think we have the resources and the numbers so what going FG?

This is really disheartening; 43% is really a lot

Nigerians shouldn’t fret, Buhari is taking 100mil out of poverty let FDI dry up to zero percent, Bubu has it covered Sai baba. We really do need this for Nigerians to realize a huge opportunity is being wasted and another 4yrs of wasted opportunities. What a shame.

How come!!! We have rice in Kano nah!!!

How's that 'integrity' coming along?

Foreign investors are corrupt so Buhari has blocked their assess to stealing money... Or better still, it's PDP that caused it hahahahahahaha

Yes, to encourage local investors..... PmB kudos

when GEJ were in power people name their children Goodluck. Now that Buhari is in power i have not see nor hear anybody name his/her child Buhari. Why?

Who didn’t know this?

Mmmmm PMB are you aware or trying to pound on it. Listen sir they dropping Because of the DOWN DRAIN OF THE SECRET WICKED LEADERSHIP AND STONE POWER ON THRONES

Foreign investors left cos kidnapping,herdsmen,insecurity,.poverty,.etc...has taken over d country due to wrong government policies.

Please, is this a fake news?

too bad

The he worst of it all is that people who don't know what that means to an economy are saying nonsense. Something have to be done fast to save Nigeria from collapsing. All Nigerians that invested out side the country should bring back there investment home, to save Nigeria.

When this man is done with us ...it will become abomination to name kids Buhari in this country.

Just appoint a serious minister of national planning /finance/power/works...devoid of religious tribe and party the most competent then u may be on the track to real progress forget about people that tell u what u love to hear and not the real soon ground. By 2023 u look be OYO

Not good for the Nation.

That is disappointing

Lol... Foreign investment is majorly kwarapshan

Let them go we have rice in Kano 😂

Hahahaha

We have rice in Kano 🙅🏽‍♂️

Bad news every day... too bad. Going backwards.

It's a miracle is it's 90% drop in FDI

UN are PDP agents. Buhari has rebuilt Nigeria, employed over 20million and set to make it world number one.Let all the fools celebrate him.

The PDP have bribed the UN! Foreign investors see through the integrity of Buhari and the are investing massively in Nigeria. His body language is second to none. Wailers!

Only those investing in corrupt businesses dropped. There's nothing new 😁. we go dey alright.

16 years of PDP is to be blamed.

Even if its 1 naira left in d treasury he will give it to his people. D rest of u can go and die in poverty. Clueless next level govt

Fake. Let's wait for the main report from GarShehu and FemAdesina

Thia is the work of GEJonathan and his OfficialPDPNig led government. Infact it is the work of Patience Jonathan. She sponsored the report. Useless, clueless and tactless people. God, we need you. 🙏

oluwaloninyo Fake news! We have rice plant in Kano

This is worrisome

This stats were padded. It Cant be true.

Foreign investment drops by 43% and u r happy dt PMB has blocked all d loopholes.. R u guys kidding me? What category of daft r u

Clap for Nigeria it shows how our economy been run

I just knew from reading the headlines that GEJonathan was/is responsible for this decline. Even the volume of rain falling this season is just not it. I can state categorically that GEJonathan caused it.

Next level of poverty in naija

oluwaloninyo Sai Baba!

I'm waiting for a Buharist to comment. It's been long I laughed mischievously.

Who is spreading this pdp propaganda ? Haven't you been to kano? Haven't you at least seen the rice there?

Like the very popular folklore, 'Nwaniga', the govt will pass the bulk, refuse to take responsibility and blame '16 years of waste' for this.

Aye o... Corrupt money has left. Now we can focus on farming rice in Kano.

Almost 50%? Who will be blame this time?

It's the impact of the NextDevil

Prof_aboki Jesus christ! Being a Nigerian is a punishment God why?

Oya, next level begins

amflomotion

Foreign travels yielded nothing

oluwaloninyo Next Levellllll🙌🚶

Nobody foreign or African would invest a dime to a place where there's political insecurity. Political insecurity is the first factor you check before embarking on any investment anywhere... BUS101

This is bad news.

Buharist : Nigeria is Fighting Corruption,we don't need FDI,foreign investment are part of Easy money We are Producing Rice In Kano,Nig doesn't need foreign investment

And we have Mr integrity on seat! It's alright.

The man that we all voted for is competed Nigerians should give him the benefit of daugh. The hart of a king is in the hand of God

Lmao hate speech!

Buharists: This is fake news,besides we don't need them, let them go Me: Them no dey tell blind man say rain dey fall! HardTruth

When MBuhari was bastardizing our judiciary and flaunting Court orders, u all thought is about winning elections. Una never seen anything. Living this country soon 4 gud.

If talk now dey will say I dont respect elders... Las Las we nor get president 😫😫😫😫😫😫😫😫😫

Shame

R E A L - I S S U E S here ☝️☝️☝️ fkeyamo realFFK MBuhari atiku renoomokri 43% Drop... This is very very scary! Can’t be a vote of confidence FreeAfrica Nigeria

Foreign investors re corrupt .😁😁😁😂

Next level

abdulmt99

So WHAT

Corrupt investors... Baba has blocked all the loopholes they were using to loot our money and so they are running away.

It cause by 16 years of PDP

Eyaa. See where 16 years of PDP has left us.

ayemojubar Bad leadership chase away investments while good leadership attract them,its very simple

I just pray things don't get to the level where all man go match go seek for asylum in Ghana or Benin as a result of this abysmal MBuhari led OfficialAPCNg government

When the Government lacks confidence. Each day is full of uncertainties and that's not good for investors and investment.

investors don't fondle wt their skills and assets,they know a fertile ground when they find it and Nigeria under buhari isn't 1

Why won’t it drop? When they know that if they come they would be kidnapped. And our government are folding arms as if nothing is happening. Security! Security!! Security!!! energy supply is zero, road network zero

They are Kworupt

PDP sponsored Lies designed to make the government look bad...Buhari is working!! Next level inshallah!!!

This one is nothing..o let wait for mber month so next leve will strike 😆😆

Oh well....

Foreign investors with their dirty and torn money 🙄

last..last APC government na SCAM, notin come out..😫😫😫😫😫😫

Now 43% is a big number. That’s really bad!!

43% is huge....bad....very bad!

Nigerians, don't fret. We're taking you to Next Level. 43% is a disgrace - we will double it in the next 4 years.. 😂😂😂

The foreigners are “corrupt”. 😂

Good morning to the FG and good evening to the Nigeria masses. Let it turn to zero - the masses are not benefiting but wicked politicians and the Evil APC looters. I pray God it DROPS TO 0 LEVEL. The signs of looms are here already. Anybody supporting evil must see evil . Isee

PDP sponsored the UN report

Nigeria are doing things now...

It is caused by GEJ and PDP 😬😬😬Awon Oni yeye

We have rice in Kano

We need to put our act together and close up the 43% gap. Nigeria Wake - up

There's rice in Kano 😂😂

King of incompetency

Fake

This isn't good. The % is much..

In between everything again🤧

Hahahaha abi oooo ,rice in kano , God help us. What a Fulani Nation

We have rice in Kano. We don't need foreign investors.

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