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Nigeria attracted $10.2bn fresh investment in 2019 – Report

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Nigeria’s cross-border greenfield capital investment in 2019 grew by 28 per cent to $10.2bn, according to the latest report by fDi Market Intelligence, a research unit of Financial Times.

The report released on Thursday described a greenfield investment as a type of foreign direct investment where a parent company creates a subsidiary in a different country, building its operations from the ground up.

He said, “FDI into renewable energy reached new highs in 2019, with total pledged investment estimated at $92.2bn, second only to that of oil and gas at $123bn. In Africa, the investment market report stated that FDI by number of projects grew 49 per cent to 998, compared with a 12 per cent increase between 2017 and 2018.

“Egypt replaced South Africa as the second ranked destination by projects in the region, experiencing a 60 per cent increase from 85 to 136 projects.

 

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LocusBendi

We are tired of hearing...let us see with our eyes. audio investments.

Nothing happening rn shows we are on the right part with these investments made. 🤦‍♂️

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