The Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah, on Tuesday said that not less than 17 billion dollars investment announcements were recorded in Nigeria in the first quarter of 2018.
Speaking in Abuja during the ongoing Direct Investment Summit Nigeria 2018, Enelamah called for more concerted effort to ensure the announcement are converted into real investments.
He said there was “66 billion dollars of investment announcement in 2017 (by Nigerian Investment Promotion Commission), and in the first quarter of 2018 we have seen 17 billion US dollars investment announcement across varieties of sectors including oil and gas, manufacturing, energy, real estate, etc.
“Your engagement with the Federal Government at this summit, I hope will begin to see the announcement being converted. The whole idea is to engage and develop the announcement into real investment.”
Also speaking at the event that attracted some ministers, Kaduna and Osun state governors as well as 140 foreign investors from 14 countries, the Executive Secretary of NIPC, Ms. Yewande Sadiku, said “the Summit is a piece of the puzzle to the recovery and growth of Nigeria’s economy.”
On his part, Governor Willie Obiano of Anambra State, represented by his deputy, Dr. Nkem Okeke, called on investors to take advantage of the business friendly environment by establishing business ventures in the state.
“Anambra is the safest state in Nigeria. Kidnappings have been eliminated totally. So your investments are safe in our state.
“We have the largest market in trade. All the entrepreneurs are asking for is power. We also have gas reserves,” he said.