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Posts tagged with "FDI"

That Lagos crowd should have blocked the road and insisted that Tinubu commits to attracting this level of foreign direct investment in his first year as president before letting him pass African News

That Lagos crowd should have blocked the road and insisted that Tinubu commits to attracting this level of foreign direct investment in his first year as president before letting him pass

Ayo Akinfe Food processing - $20bn Railways - $15bn Power generation - $10bn Automobile assembly plants - $10bn Steel production - $5bn Solid mineral processing plants - $5bn Pharmaceuticals - $5bn Leather processing - $5bn Green energy - $5bn Cosmetics and beauty products - $5bn If we can attract $85bn in...
Lagosians should only vote for a presidential candidate who promises to built a Lagos Underground Network within his first four years in office African News

Lagosians should only vote for a presidential candidate who promises to built a Lagos Underground Network within his first four years in office

Ayo Akinfe Unlike anywhere else in Nigeria, Lagos requires federal infrastructure as it accounts for one quarter of Nigeria's gross domestic product (GDP), one third of non-oil GDP, attracts about 70% of foreign direct investment (FDI) and half of all Nigeria's cars ply Lagos roads With a population of about 15m, Lagos is the...
32 of Nigeria's 36 states failed to attract one dollar in FDI during the first quarter of 2022 African News

32 of Nigeria's 36 states failed to attract one dollar in FDI during the first quarter of 2022

AS many as 32 of Nigeria's 36 states did not attract one dollar in foreign direct investment (FDI) during the first quarter of 2022 according to a recent report just published by the National Bureau of Statistics (NBS).   Apparently, only Lagos, Oyo, Katsina and Anambra and the Federal Capital Territory (FCT) attracted any FDI...
Is there anything stopping civil society groups from coming together and drawing up a developmental blueprint which we can then mandate all presidential candidates to sign in the run-up to 2023? African News

Is there anything stopping civil society groups from coming together and drawing up a developmental blueprint which we can then mandate all presidential candidates to sign in the run-up to 2023?

Ayo Akinfe Now that the presidential primaries are over, I think it is time to discuss this matter of economic growth. Nigeria is forecast to have a mere 2% gross domestic product (GDP) growth rate over the coming years, which is wholly inadequate Between 1999 and 2015, our average economic growth rate was about 6% per annum,...
Nigerian Platinum Jubilee request list to be presented to Prime Minister Boris Johnson African News

Nigerian Platinum Jubilee request list to be presented to Prime Minister Boris Johnson

Ayo Akinfe At the moment, Nigeria is the UK’s fastest growing export market. We want to see this grow dramatically with an annual foreign direct investment (FDI) target of $1bn for British investors in Nigeria? According to Britain’s Department for International Development (DfID) UK-Nigeria trade was worth £3.4bn in 2016....
With China cutting back on its borrowing, our next president needs to set very ambitious foreign direct investment targets African News

With China cutting back on its borrowing, our next president needs to set very ambitious foreign direct investment targets

Ayo Akinfe Food processing - $20bn Railways - $15bn Power generation - $10bn Automobile assembly plants - $10bn Steel production - $5bn Solid mineral processing plants - $5bn Pharmaceuticals - $5bn Leather processing - $5bn Green energy - $5bn Cosmetics and beauty products - $5bn If we can attract $85bn in FDI in...
I look forward to seeing which of the presidential aspirants will come up with an FDI-funded development plan that looks like this African News

I look forward to seeing which of the presidential aspirants will come up with an FDI-funded development plan that looks like this

Ayo Akinfe We do not need loans or grants but proper foreign direct investment (FDI) to build up our industrial capacity. Consequently, all recent coronavirus-related loans must be written off Nigeria needs at least $100bn of FDI annually. International development agencies must agree to press industrialised countries to offer...
Tunde Bakare promises to attract about $2trn in foreign direct investment annually if elected African News

Tunde Bakare promises to attract about $2trn in foreign direct investment annually if elected

ALL Progressives Congress (APC) presidential candidate Pastor Tunde Bakare has promised to attract $2trn in foreign direct investment (FDI) annually into the Nigerian economy  if elected as president next year.   Pastor Bakare, 67, who is the general overseer of the Latter Rain Assembly church, was President Muhammadu...
Nigeria and the UK sign $300m foreign direct investment agreement aimed at creating 5,000 jobs African News

Nigeria and the UK sign $300m foreign direct investment agreement aimed at creating 5,000 jobs

NIGERIA and the UK have signed a foreign direct investment (FDI) agreement worth $300m aimed at boosting British support for small and medium sized enterprises in Nigeria that will lead to the creation of about 5,000 jobs.   This deal was signed in London today with minister for industry, trade and investment, Otunba Niyi...
Nigeria suffers a $331m drop in foreign direct investment during the fourth quarter of 2021 African News

Nigeria suffers a $331m drop in foreign direct investment during the fourth quarter of 2021

FOREIGN direct investment (FDI) into Nigeria fell by a whopping $331.2m to $698.78m in 2021 compared with the sum of $1.03bn recorded in 2020 according to figures just released by the National Bureau of Statistics (NBS).   It is not yet clear why there was such a huge drop but the NBS report, titled Nigerian Capital...
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