Nigerian Investment Promotion Commission (NIPC) reports that US$8.41 billion was tracked as investment announcements for Q1 2021, about 75% more than the value in the corresponding period in 2020 (US$4.81 billion).

This follows the gradual return of investors’ confidence globally after the COVID-induced decline.

The Commission continues the release of the NIPC Intelligence Newsletter 6 days a week and tracked a total of 15 projects across 8 states in the period under review.

Bayelsa State received the largest share of the announcements with US$3.6 billion in mining and quarrying. Delta State recorded US$2.94 billion worth of announcements in seaport construction and power transmission, Akwa Ibom State had US$1.4 billion announced in mining and quarrying, and Lagos State with announcements totalling US$0.26 billion in finance, insurance, and manufacturing.

The report showed that the leading 4 destinations this quarter accounted for 97% of the total investments announced as against 56% in the corresponding period last year.

The top sectors were manufacturing (60%), and construction (34%). Domestic investors were the most active during the period accounting for 35% of the announcements. This was followed by announcements from Morocco (17%), the United Kingdom (3%) and the USA (1%).

By sector, manufacturing received the largest investment accounting for 60 percent ($5.08 billion; followed by construction ($2.90 billion); electricity ($0.26 billion); and agriculture ($0.11 billion).

The federal government was the highest major source of investments in Q1, which accounted for 35 percent ($2.95 billion). Other sources of investments in Nigeria were Morocco ($1.40 billion); United Kingdom ($0.24 billion), and United States ($0.08 billion).

In terms of volume, NIPC said Nigeria received 15 projects across eight states compared to Q1 2020 with 19 projects across 14 states including the Federal Capital Territory (FCT).

The commission, however, said that its report may not contain exhaustive information on all investment announcements in Nigeria during the period under review as it is based only on the 340 news articles cited in NIPC’s newsletters from January to March 2021.

NIPC’s Intelligence Newsletter publishes Nigerian investment-related news culled, from various sources. This report is based only on the 340 news articles cited in NIPC’s Newsletters from January to March 2021; it may not contain exhaustive information on all investment announcements in Nigeria during the period.

Nevertheless, the Report gives a sense of investors’ interest in the Nigerian economy. NIPC did not independently verify the authenticity of the investment announcements but is working on tracking the announcements as they progress to actual investments.

SOURCE: https://brandspurng.com/2021/04/22/balyesa-delta-beat-lagos-to-become-top-investment-spots-for-q1-2021-nipc/

Amazing

the should pls name the firm for us

new format to make the Ijaws fight the Igbos

no Igbo state

triple996:
no Igbo state

What you're trying to start won't work

Akwa Ibom ado ok

Elvictor:
new format to make the Ijaws fight the Igbos

How?
Are you sick?
Ijaws fight the Igbos?
Elements like you should be locked up in a dark lonely dungeon

Elvictor:
new format to make the Ijaws fight the Igbos

I simply don't understand how you people are hell-bent on burning this nation.

OriakuAmara:

How?
Are you sick?
Ijaws fight the Igbos?
Elements like you should be locked up in a dark lonely dungeon

who is this? must you mention me? if you don't understand English don't quote me again.

Cromartie:


I simply don't understand how you people are hell-bent on burning this nation.

when we try to debunk government conspiracy to 'cause rift betwixt Ijaw and Igbos is now burning the nation? why are they targeting Ijaw states as the best states after Lagos for investment if not the rise of Biafra?

help. I graduated in 2016 , served in 2018 but no job till now

Elvictor:


when we try to debunk government conspiracy to 'cause rift betwixt Ijaw and Igbos is now burning the nation? why are they targeting Ijaw states as the best states after Lagos for investment if not the rise of Biafra?

same way igr in South East started declining immediately when buhari rise to power and biafra agitation was gaining momentum

triple996:
no Igbo state

Neither did I see any yoruba state. They only mentioned Niger Delta states and No-mans-land

All thanks to niger delta militants.

OriakuAmara:

How?
Are you sick?
Ijaws fight the Igbos?
Elements like you should be locked up in a dark lonely dungeon

If IPOB do not stop Claiming Port Harcourt,Bonny and Opobo it will happen , you will hear am and you will receive a proper panel beating that will reset your brains from the Ijaws

christistruth01:


If IPOB do not stop Claiming Port Harcourt,Bonny and Opobo it will happen , you will hear am and you will receive a proper panel beating that will reset your brains from the Ijaws

Ijaws are ants when compared to the great Igbos.
Port Harcourt is not and will never be an ijaw city.
When jungle mature, Igbos will reclaim Opobo just as the Israelites reclaimed their land from the Palestinians

Elvictor:


when we try to debunk government conspiracy to 'cause rift betwixt Ijaw and Igbos is now burning the nation? why are they targeting Ijaw states as the best states after Lagos for investment if not the rise of Biafra?

Delta is not a mono ethnic state. perhaps Ijaw is not the major ethnic group in Delta State.

Good for Baysela people.

Kudos to Gov Diri

gevans:


Delta is not a mono ethnic state. perhaps Ijaw is not the major ethnic group in Delta State.

I never made the claim of Ijaw being the major ethnic group in Delta State, I am wondering why the sudden interest in states with Ijaw people?