Nigeria Secures $30bn in Foreign Direct Investments

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During a press briefing held in Abuja this afternoon, Dr. Doris Uzoka-Anite, the Minister of Industry, Trade, and Investment, revealed significant developments in Nigeria’s trade landscape, such as the fact that Nigeria had secured $30bn in Foreign Direct Investment (FDI).

She announced, “Through our bilateral engagements, we’ve achieved substantial investment commitments and forged promising partnerships for Nigerian trade. A prime illustration is the recent G20 summit in India, where a $14 billion influx of Foreign Direct Investment (FDI) into Nigeria was unveiled and is now being realized.”

“Furthermore, we’ve secured $10 billion in commitments for oil and gas investments. Subsequent to these milestones, we’ve welcomed delegations from the Confederation of Indian Industries to Nigeria, facilitating deeper explorations of investment prospects. Our dialogues with nations such as India, Germany, the Netherlands, UAE, South Africa, and others have paved the way for increased investment opportunities and the development of collaborative regulatory frameworks.”

Dr. Uzoka-Anite emphasized that these investment inflows are anticipated to generate millions of job opportunities within the economy.

Regarding trade facilitation initiatives, the Minister highlighted efforts to bolster trade prospects for Nigerians through the establishment of a fully automated Centre of Excellence under the Trade Intelligence Unit.

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