Nigeria Requires $10bn Annual Investments To Drive Economic Growth

Nigeria requires about ten billion ($10 billion) dollars annually to drive the type of growth the nation needed.

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Acting Executive Secretary of the Nigerian Investment Promotion Commission, (NIPC), Mr. Emeka Offor revealed this at the NIPC headquarters building in Abuja on Tuesday.

TheFact Nigeria reports that Mr. Offor who said this in a presentation at the NIPC Stakeholders engagement with States, also said that currently, Nigeria attracts just about $2billion annually.

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Themed: “Building synergy across States for regional ceconomic growth and sustainable development, the forum brought about the convergence of who is who in the investment sector in the 36 states of the federation and Abuja.

The NIPC boss said that there are many reasons to invest in Nigeria despite any challenges, as Nigeria was one of the most  entrepreneurial, innovative and ingenious economies.

He said some of the reasons included scale of opportunities, quality of talent, scale of ambition and aspiration of government as well as adaptability and agility of the people.

Speaking earlier, Chairman of the NIPC governing council, Mr. Babangida Nguroje, said that as a Council, the NIPC was doing its best to attract investment according to its mandate.

Mr. Nguroje said that the NIPC would continue to executive its mandate to ensure that the nation has sustainable investments.

The one-day event was interactive with the NIPC management fielding a question and answer session with their guests from the states.

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