February 23, 2018

Nigeria as Africa’s new investors’ haven

Nigeria as Africa’s new investors’ haven.. NAIJA INVEST

The recent UN World Report indicated that Nigeria recorded great improvement in Foreign Direct Investment (FDI) in 2012. The report put FDI flow into the country in 2012 at 8.9 billion U.S. dollars, compared with the 6.1 billion U.S. dollars recorded in 2010. The Minister of Foreign Affairs, Dr Olugbenga Ashiru, who spoke at the ongoing Ministerial Platform in Abuja, attributed the increase to the strengthening of economic diplomacy by President Goodluck Jonathan’s administration. “The inflow of these investments had effect on the Transformation Agenda of President Goodluck Jonathan in supporting the economic programme of the government,’’ he said. Ashiru…

Over 200 investors express interest in 10 power plants amidst fears of policy summersault

http://businessdaynigeria.com/over-200-investors-express-interest-10-power-plants-amidst-fears-policy-summersault.. NAIJA INVEST

Over 200 investors have indicated interest in the ten power plants being put up for sale by the Niger Delta Power Holding Company, under the National Integrated Power Project (NIPP) as the road show for the sales effectively kicked off yesterday in Lagos. The ten power plants are Omotoso in Ondo State (450MW), Sapele in Delta (450MW), Geregu in Kogi (434MW), Olorunsogo in Ogun (750MW) and Ihovbor in Edo (450MW). Others are Gbarain in Bayelsa (225MW), Alaoji in Abia (450MW), Calabar in Cross River (561MW), Egbema in Imo (338MW) and Omoku in Rivers (225MW). But some investors have expressed fears…