Nigeria Business Information
No Result
View All Result
Thursday, May 26, 2022
  • Login
  • Register
  • Home
  • Tenders
  • Auction
  • News
  • Grant
  • Subscription
Subscribe
Nigeria Business Information
  • Home
  • Tenders
  • Auction
  • News
  • Grant
  • Subscription
No Result
View All Result
Nigeria Business Information
No Result
View All Result
Home Nigeria News

REPORT: See The four sectors That attracted over N720 billion investments in Nigeria in the last 3 months and Why it matters.

by Nathaniel Segun
November 3, 2021
in Nigeria News
Nigerian Investment Promotion Commission

A recent report released by the Nigeria Investment Promotion Commission (NIPC) revealed that four critical sectors attracted over N720 billion ($8.99 billion) worth of investments between July and September, 2021.

The report which was recently released by the agency showed that the Manufacturing sector led the pack in the last three months, attracting over N556.8 billion ($3.76 billion) worth of investments. This accounted for about 42% of the total investment into the country for the aforementioned period.

Following closely was the electricity sector which attracted about $2.4 billion worth of investments, accounting for about 25% of the total investments, Information and Communications sector which attracted $2.06 billion translating to 23% of the total investments during the period and the transportation sector which attracted about 7% of the total investment during the period with $640 million worth of investments.

Other sectors in the Nigerian economy only attracted a paltry sum of $280 million during the period, accounting for just 3% of the total investment during the period.

Interestingly, these investments were channelled towards 33 key projects that spans across eight (8) states in the federation. By geographical spread, Lagos state accounted for 81% of the total investment during the period with about $7.29 billion, followed by Rivers State with $300 million (3%), Oyo State with about $230 million (3%) and Ogun State with about $1 million (0.1%) of the total investments. Other states attracted a cumulative of $1.16 billion worth of investments during the period, translating to 13% of the total investments during the period.

RelatedPosts

Nigerian Investment Promotion Commission (NIPC)- Invitation To Tender For Supplies, Works And Expression Of Interest (EoI) For Services (13 Lots)

Nigerian Investment Promotion Commission (NIPC) – Expressions Of Interest (EOI) For Appointment As Software Developer

Nigerian Investment Promotion Commission, Abuja (NIPC) – Expression of Interest EOI For Appointment of External Auditors

Remarkably, about 47% of these investments during the period were made by Nigerians residing in the country, followed closely by investments from South Korea (22%), South Africa (16%) and Spain with 6% of the total investments. Other countries contributed only 9% of the total investments during the aforementioned period.

Why this matters: The recent report indicates a clear interest in the Nigerian business environment. It simply means that investors are clearly optimistic or bullish about the potentials of the Nigerian markets.

In this light, the recent report gives teeming readers of naijabusiness.com.ng an insight into the critical sectors that attract more investments, helping them to re-strategize and rebalance their investment portfolio to maximize opportunities inherent in these key sectors that were mentioned above. In a nutshell, our readers should watch out for more news and investment opportunities available in the aforementioned sectors. You can get more news and investment opportunities in the sector by following naijabusiness.com.ng or subscribing to our specially edited newsletters.

TOOLKIT: Are You New to Tenders/Contract Bidding and Require Assistance? CLICK HERE

Tags: NIPC
ShareTweetShare

POPULAR

  • Individual Tin

    How to Check for your Individual TIN (Tax Identification Number) Online

    0 shares
    Share 0 Tweet 0
  • Check List of NGO/Governments Tenders with May 2022 Deadlines

    0 shares
    Share 0 Tweet 0
  • International Rescue Committee (IRC)- Invitation To Bid For Supply Of Generators To Her Country Office

    0 shares
    Share 0 Tweet 0
  • International Organization For Migration (IOM)- Invitation To Bid For The Supply And Delivery Of Various IT Equipment For ENBMC (11 Lots)

    0 shares
    Share 0 Tweet 0
  • United States Embassy, Abuja- Request For Quotation For The Supply Of 2HP Panasonic Split Unit A/C (20 Items)

    0 shares
    Share 0 Tweet 0

Copyright © 2021. All Right Reserved Nigeria Business Information

No Result
View All Result
  • Home
  • Tenders
  • Auction
  • News
  • Grant
  • Subscription

Copyright © 2021. All Right Reserved Nigeria Business Information

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

instagram volgers kopen volgers kopen buy windows 10 pro buy windows 11 pro

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.