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Foreign investors' interest in Nigeria declines by 27.5%

Foreign investors’ interest in Nigeria declines by 27.5%
The Punch
Published 12 July 2021
Nigeria received about $8.4bn investment announcements as at 4th March 2021, out of which $5.46bn were pledged by foreign investors. The remaining $2.08bn was promised by domestic investors, statistics obtained from the Nigerian Investments Promotion Commission showed.
The sum pledged by foreign investors in Q1 2021 is 27.5 per cent lower than the $7.54bn foreign investment announcements recorded by the NIPC in the preceding quarter.
However, the Q1 foreign investment profile was 36.5 per cent higher than the $4.02bn reported in the corresponding period in 2020, but was 56.6 per cent lower than the S12.6bn recorded in the same period in 2019. ....

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Press zooms in on warning that Nigeria is at brink of avoidable catastrophe, others

Press zooms in on warning that Nigeria is at brink of avoidable catastrophe, others
apanews.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apanews.net Daily Mail and Mail on Sunday newspapers.

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NIPC to implement its Single Window Investors' Portal in 2021 — Official

By Emmanuella Anokam
Abuja, Dec. 21, 2020 The Nigerian Investments Promotion Commission (NIPC) has said that its Single Window Investors Portal (SWIP) that aimed to facilitate business and investments in the country would be available by the first quarter of 2021.
Mr Sabo Isiaku, Head of Corporate Services Division, NIPC, disclosed this on Monday, in Abuja, at the NIPC Media Retreat organised for Commerce and Industry Correspondents’ Association of Nigeria (CICAN).
Naija247news reports that SWIP is the commission’s e-business facilitation portal, an e-government initiative, being put in place to facilitate business and investments in Nigeria.
Isiaku explained that the portal, which was being programmed to serve in response to the impact of the COVID-19 pandemic, would have four components namely: e-OSIC, e-PSI, IRM and IP. ....

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NIPC to implement its Single Window Investors' Portal in 2021 –Official

NIPC to implement its Single Window Investors' Portal in 2021 –Official
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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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