Nigerian Investment Promotion Commission (NIPC) has disclosed that the country recorded $8.41 billion investment announcement in the first quarter (Q1) of 2021. Speaking at the weekend in Abuja, the Executive Secretary of NIPC, Yewande Sadiku stated that “investment announcement aims to follow up on interest indicated by investors to see whether they could be turned into actual investments. In the announcement portfolio, Ogun and Lagos States are among the top investment destinations. she, therefore, called on the state governments to deepen collaboration with the Agency in providing the basic business-friendly environment to enable transmission of announcement into actual investment. The NIPC stated that bold coherent policy changes and deep economic reforms will be required to reverse the decline of investment announcement in 2020/2021.

Source: Nigerian Tribune May 02, 2021 11:48 UTC