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Investors defy terror to plough into economy

24 November 2014, 08:40

Lagos - The country has defied ongoing security challenges to attract investment into the different sectors of the economy, Saratu Umar, the Executive Secretary of the Nigeria Investment Promotion Council (NIPC), said.

She was addressing media at the just-ended 17th session of the Honorary International Investment Council (HIIC), held in London in the United Kingdom.

Umar said investors were ploughing in about US$60 into various sectors of the economy, which she said highlighted the high rate of local direct investment (LDI).

A number of local firms were involved.

Also Read: US keen to invest in Nigeria, says envoy

“LDI has grown significantly well. We have firms such as the Dangote Group, Elumelu Group of Companies, the Ovia Group, which are among others that have robustly invested across all sectors,’’ Umar said.

Umar disclosed some international investors had confirmed an interest in local opportunities.

"We already have two investors who have indicated interest, and more are coming," she said.

- CAJ News

- CAJ News


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