By: PETER NOSAKHARE, Kaduna
Nigerian Investment Promotion Commission (NIPC), said that 32 projects in eight states recorded over 17.88 billion dollars investment inflow in the first quarter of 2018 as against six projects across four States that received 6.38 billion dollars in the first quarter of 2017.
This was contained in the NIPC report on investment announcement for the first quarter of 2018 released in Abuja. The report is only on investment announcement cited in the commission’s intelligence newsletter covering January to March 2018.
Speaking during a media parley on the sources of inflow in Abuja at the weekend, the Executive Secretary of NIPC, Ms. Yewande Sadiku, said the major source came from the United Kingdom with 59.000 million dollars, followed by Nigeria with 21.200 million dollars, United States 2.357 million dollars while China had 1.200 million dollars.
Other inflows came from Switzerland 84.700 million dollars and 26.200 million dollars from other sources respectively. Sadiku also named oil and gas, transport, construction, ICT, manufacturing and solar plants as areas mostly favoured. She noted that States like Lagos, Kano, Niger, Ogun were identified as preferred destinations for the investments.