In January 2013, The minister of Trade and Investments, Olusengum Aganga, said N8.5 trillion FDIs are coming to Nigeria over the next 5 years as a direct consequences of the Federal Government that would attract investors to the country. This means its ongoing reform is growing in strength.
In 2011, Nigeria was the leading investment destination in Africa after recording a foreign direct investment (FDI) of $8.9 billion, said Olusegun Aganga, Minister of Trade and Investment, at the ongoing FBN Capital Conference in Lagos. The $8.9 billion represented about 16 percent of Africa’s total FDI of $55 billion in 2011.
Aganga, who was represented by Joseph Odumodu, director general, Standards Organisation of Nigeria (SON), said the government was committed to consolidating on the gains so far recorded by strengthening the one-stop investment centre of the Nigeria Investment Promotion Commission (NIPC).
“Our target is to achieve 48 hours response for all investment linked enquiries,” he said.
Attributing the FDI growth to the growing investor confidence, Aganga noted that the creation of the Trade and Investment Ministry by President Goodluck Jonathan had impacted on the country’s economic growth through its strategic trade and investment policies and programmes.
 |
| The minister of Trade and Investments, Olusengum Aganga, |
Commending FBN Capital for organising the conference, the minister said the nation has the potential to sustain its drive towards emerging as one of the world’s leading economies given the continuous cooperation of all stakeholders.
No comments:
Post a Comment