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ABCON highlights steps to rejuvenate Nigeria s real sector -

Nigeria needs deep economic reforms to reverse FDI decline in 2021 – NIPC

By Emmanuella Anokam Abuja, Dec. 21, 2020 The Nigerian Investments Promotion Commission (NIPC) says Nigeria required bold, coherent policy changes and deep economic reforms to reverse the decline in Foreign Direct Investments (FDI) inflow expected in 2020/2021. NIPC executive secretary Yewande Sadiku, who said this at the Commerce and Industry Correspondents Association of Nigeria (CICAN) 2020 Retreat on Monday, in Abuja, explained that a 40-50 per cent decline was expected in FY2020/2021, the lowest level in almost 20 years. In a presentation entitled “Understanding the Impact of COVID-19 on Investment in Nigeria’’ Sadiku highlighted the impact of COVID-19 pandemic on global economic growth and FDI.

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