DTN-1-8-19

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NIPC collates $15.15bn investments in first half of 2019 Our reporter

The Nigerian Investment Promotion Commission (NIPC) says it has collated $15.15 billion investments in the country for the first half of 2019. NIPC Executive Secretary, Ms. Yewande Sadiku, made this known on Wednesday in Abuja at a news conference. Presenting its first half of 2019 investment reports, Sadiku said that the investments were collated through the NIPC intelligence newsletters. www.dailytimes.ng

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Sadiku said that the report showed that a total of 43 projects across 12 states and the Federal Capital Territory (FCT) were announced from investors in 20 countries. The destination states for the investments were Ogun, Lagos, Kaduna, Ondo, and Enugu states among others while oil and gas investments according to the report are to be sited offshore Nigeria. “Comparatively, the announcements made in the first half of 2019 were 67 per cent less in value than the announcements in the same period of Continued on page 3

THURSDAY, AUGUST 1, 2019

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