Nigerian Economy Records $45.7BN Investment Commitments
The Nigerian economy recorded a total investment commitment of forty-five point seven billion dollars in various sectors of the economy within the first six months of this year.

Nigerian Economy Records $45.7BN Investment Commitments
Figures obtained from the Nigerian investment promotion commission showed that the forty-five point seven billion dollars investment commitments were made for forty-two projects in nine states and the federal capital territory.
The sectoral analysis of the commitments indicates that investors were willing to invest in 12 sectors of the economy.
An analysis of the investments showed that mining and quarrying accounted for sixty-one per cent of the value; manufacturing, 28 per cent; transportation and storage, five per cent; real estate, three per cent; and the remaining sectors accounted for three per cent.
The executive secretary, NIPC, Yewande Sadiku, says the commission is working with states to make them more attractive to investors.
She said the commission had a seamless collaboration with the states to enable it to monitor closely investments inflow into the country, as a one-stop center.
The promise to invest the forty-five point seven billion dollars was secured from investors in eleven countries.
Companies from France accounted for thirty-five per cent of the value. This, it noted, was closely followed by investment made by Nigerian companies at thirty-one per cent.
Rivers state was the biggest beneficiary of the announcements with thirty-five per cent in favour of the state.
Bayelsa and Lagos states accounted for twenty-six per cent each, while delta state accounted for seven per cent.