Nigerian Investments Hit $20Billion

The United Nations Conference on Trade and Development (UNCTAD) annual study of worldwide investments report 2009 released yesterday ranks Nigeria in the 19th position among the first 20 countries in the world that attracted more Foreign Direct Investment (FDI) in 2008.

Releasing the report for the Sub-Saharan Africa, the Executive Secretary of Nigerian Investment Promotion Commission (NIPC), Engr. Mustafa Bello, said the total Foreign Direct Investment that came into the country increased from $12 billion in 2007 to $20 billion (N3 trillion) in 2008 which shot the country into the league of first 20 in the world.

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