Tag: FDI
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How we attracted $30bn FDI in 9 months – Tinubu
President Bola Tinubu says his nine month-old administration has attracted $30 billion Direct Foreign Investment commitments to shore up the Nigerian economy.
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FDI: Tackling poor signaling – By Dakuku Peterside
Nigeria faces unprecedented economic uncertainties and desperately needs to “bend the curve” on most economic indices. Even the optimistic people among us struggle with what to hold onto to defend our slide into economic quagmire.
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Delta achieves Special Economic Zone status
Delta State has achieved a Special Economic Zone status, meaning the State is now subject to economic regulations different from what is obtained in other regions of the country and therefore better positioned to attract foreign direct investment (FDI).
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Leadership is key to unlocking Nigeria’s growth potential – By Dakuku Peterside
Last week, this column discussed the need to rethink productivity and economic growth in Nigeria based on the presentation by foremost Economist Dr Ayo Teriba. This week, we shall look at leadership’s role in engendering a new economic growth model to give our country a leap forward.
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Productive people in a productive country – By Dakuku Peterside
Recently, I was opportuned to listen to a presentation titled “Nigeria’s Economic Prospects” by one of Nigeria’s foremost Economists, Dr Ayo Teriba. He articulated Nigeria’s current economic woes and situated them in the global context of Post COVID era, European geopolitical tensions, and the resulting energy and commodity price crises. His overarching arguments and postulations…
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FDI in Nigeria’s telecom sector hits new high
The Foreign Direct Investment (FDI) in the Nigerian telecom sector has picked up again from $212 million by 2018 to reach $930 million, according to recent figures from the Central Bank of Nigeria (CBN). TheNewsGuru.com (TNG) reports the Executive Vice Chairman and Chief Executive Officer of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta…
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FDI inflow to Nigeria hit $23.9bn in 2019 – NBS
The value of Foreign Direct Investment (capital importation) into Nigeria stood at $3.8 billion in fourth quarter of 2019, National Bureau of Statistics (NBS) confirmed in latest capital importation data released yesterday. The amount represents a decline of 32.42% when compared to the 3rd Quarter of 2019, and a 77.67% increase when compared to the…
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CBN tackles IMF on forex restriction policy over FDI inflow
Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has opposed the observation put forth by the International Monetary Fund (IMF) that restrictions placed by the federal government on foreign exchange on some items was impeding the flow of Foreign Direct Investments (FDIs) into Nigeria. The CBN chief made his stance known on Sunday…
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Nigeria to seek global support to combat terrorism, increased FDI – Onyeama
Minister for Foreign Affairs, Geoffrey Onyeama has said that the Nigerian Government would use the Forum of the UN General Assembly (UNGA) to seek global support fighting terrorism and increasing Foreign Direct Investments (FDI). Onyeama made this known on Tuesday in Abuja during a Pre-UNGA briefing with newsmen stating the expectations of the Nigerian government…
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Nigeria braces for next level of tech revolution
Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof Umar Garba Danbatta has stressed the need for collaboration among academia, telecom industry players and the regulatory body as the nation gears up for the next level of technology revolution. TheNewsGuru (TNG) reports Prof. Danbatta was speaking during NCC’s Fifth Roundtable Forum with Academia, Telecom…