FG secures $30b investment commitments

The Federal Government has successfully obtained a commitment of $30 billion in Foreign Direct Investments (FDIs), which is expected to significantly impact the nation’s economic growth acceleration efforts.

The Minister of Industry, Trade and Investment, Dr. Doris Uzoka-Anite,  disclosed this at a press briefing in Abuja, yesterday.

She said, “Our bilateral engagements have been fruitful and have led to significant investment announcements and partnership opportunities for Nigerian trade. A notable example is the G20 summit in India, where a $14bn worth of FDI inflow to Nigeria was announced and being actualized. 

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“We have also got $10 billion for oil and gas investment commitments.

“Since then, we have seen the Confederation of Indian Industries visiting Nigeria to further explore identified investment opportunities. These engagements with India, Germany, Netherlands, UAE, South Africa, and others have opened up avenues for investment and the establishment of joint regulatory protocols.”

Dr. Uzoka-Anite explained that the infusion of investment funds into the economy is expected to result in the creation of numerous job opportunities.

The Minister elaborated on her team’s efforts to expand trade prospects for Nigerians by utilizing the Trade Intelligence Unit to establish a comprehensive automated Centre of Excellence.

“This centre will employ top-tier talent and collaborate with world-class institutions for the purpose of gathering and analyzing trade intelligence,” she said.