Foreign Investors Avoids Nigeria’s Oil Region States as FDIs Move South
Download and listen anywhere
Download your favorite episodes and enjoy them, wherever you are! Sign up or log in now to access offline listening.
Foreign Investors Avoids Nigeria’s Oil Region States as FDIs Move South
This is an automatically generated transcript. Please note that complete accuracy is not guaranteed.
Description
Foreign investors appear to be carefully avoiding Nigeria’s oil and gas-rich states, also called the Niger Delta region, as data from the National Bureau of Statistics (NBS) on assessment of...
show moreAdditionally, the region, between 2015 and 2022, ranks among the least accessed in terms of foreign capital inflow (foreign direct investment (FDI). For example, another NBS data showed that the region received only 0.51% of the entire Nigeria FDI inflow between 2013 and Q1 of 2020. The region, which once held huge chunks of Nigeria’s FDI inflows in the 1970s and 1980s, barely received $474.13 million out of the $92.28 billion total inflow into Nigeria in the seven-year period.
Information
Author | Africa Business Radio |
Organization | Africa Business Radio |
Website | - |
Tags |
Copyright 2024 - Spreaker Inc. an iHeartMedia Company