Factual Pursuit of Truth for Progress
About $19.1 billion worth of investments has been attracted by Nigerian companies from local and foreign investors in the first nine months of 2021.
This indicates a rise by 113% from $8.98 billion recorded in the corresponding period of 2020.
This was contained in the report of investment announcements, released by the Nigeria Investment Promotion Commission (NIPC). According to the report, the investments recorded in the review period were comprised of 62 projects across 16 states in the federation.
Meanwhile, the increase recorded in the review period is only significant due to a favourable base period of 2020, which was affected by the covid-19 pandemic.K.