Otunba Adeniyi Adebayo, Minister of Industry, Trade and Investment, has said that Nigeria attracted over $10.1billion foreign investments in the first half of the year
The minister, announced this at the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) diplomatic luncheon in Abuja ,
He said the nation’s economy was gaining traction with foreign investors making a commitment to invest in the country.
According to him:”In the first half of this year investment announcements were at $10.1billion; an increase of 100% in 2020.Investors from Europe, China, Morocco and the United Kingdom are making strong commitments and this administration is working tirelessly to ensure that these commitments turn into projects that positively affect our nation
“Nigeria is open for business and our investment climate is continually improving. The year 2020 was challenging for all economies but Nigeria is coming back strong”
He said the Federal Government recognises the importance of attracting and retaining patient investment into the economy, saying the development accounts for his Ministry’s commitment to the strategic relationship that exists with the chamber.
He added:”I would like to reiterate my Ministry’s commitment to the strategic relationship that exists with the Chamber and to continue working with the leadership towards our collective objectives.This is even more germane with the implementation of the Africa Continental Free Trade Agreement (AfCFTA).
“AfCFTA will enhance Africa’s capacity to unlock growth and create jobs by building our industrial capacity, enlarging our productivity and making us more competitive globally.NACCIMA is pivotal in ensuring Nigerian businesses remain competitive in this new environment, ” he said.
