Nigeria Hopes To Rake In $4.5bn Investments In 2017
The 2017 fiscal year for Nigeria looks brighter with more than estimated sum of $4.5bn targeted to come into its economy, especially from both foreign investors before the end of the year.
According to the statistics from the Ministry of Budget and National Planning, recently, this will see the country making early exit from its recession.
When compared with 2016 investment projection of $3.4bn, an increase of $1.1bn, the country’s economy will jump by 1.2% in 2017.
The statistics shows that the private sector will attract the sum of $2.5bn, an increase of $700mn over the $1.3bn in 2016.
However, the Federal Government is said to be targeting investment drive of $2.05bn as against $1.6bn it planned in 2016.
Also, the 36 states are expected to attract a total amount of $800mn investment within the same period under review.
The Executive Secretary, Nigerian Investment Promotion Council (NIPC), Ms Yewande Sadiku, has this to say: “NIPC is working assiduously to promote the required synergy between investors and critical stakeholders in various sectors of the Nigerian economy.”
She promised that the agency would work hard to promote the ease of doing business within the area of its jurisdiction as part of its contributions to the recovery efforts.