The Nigerian Investment Promotion Commission (NIPC) has released the first Quarter 2018 report on investment announcements in Nigeria.
The report disclosed that in the first quarter of 2018, NIPC tracked $17.88billion worth of investment announcements in 32 projects across 8 states, almost 3 times the $6.38bn tracked in Q1 2017, suggesting increasing investor interest in Nigeria.
These private capital investment intentions, according to the report, were in 32 projects in several sectors which include oil & gas, services, manufacturing and agriculture spanning across Lagos, Ogun, Niger, Gombe, Kano states among others.
The report noted that the interests originated from United Kingdom, Nigeria, United States, China, and Switzerland.
Royal Dutch Shell, Dangote Plc., General Electric, Hydropolis Nigeria Ltd and China Energy Engineering Cooperation top the list of companies with investment interests in the economy, adding that these announcements were for new projects and or expansion of…
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