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Nairaland Forum / Nairaland / General / Politics / A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 (10407 Views)
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A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by TonyeBarcanista(m): 10:37pm On Aug 12 |
According to United Nations Trade and Development (UNCTAD) report Nigeria's foreign direct investment (FDI) inflow for year 2023 was US$1.873 billion, Nigeria was ranked number 8 in FDI. The top 10 are: 1. Egypt: US$9.841 billion 2. South Africa: US$5.2 billion 3. Ethiopia: US$3.263 billion 4. Uganda: US$2.886 billion 5. Senegal: US$2.641 billion 6. Mozambique: US$2.509 billion 7. Namibia: US$2.345 billion 8. Nigeria: US$1.873 billion 9. Cote d'Ivoire: US$1.753 billion 10. DR Congo: US$1.635 billion. The situation is even more troubling when you consider that Nigeria had consistently attracted FDI inflows of over US$4 billion annually since 2005 during the Obasanjo, Yar'adua and Jonathan administrations. However, since the APC took over in 2015, the country's FDI inflow has failed to reach even US$4 billion. Olusegun Obasanjo 1999: US$1.18 billion (Obasanjo assumed office in May 1999) 2000: US$1.31 billion 2001: US$1.277 billion 2002: US$2.04 billion 2003: US$2.171 billion 2004: US$2.127 billion 2005: US$4.978 billion 2006: US$4.9 billion Obasanjo/Yar'adua 2007: US$6.087 billion Umaru Yar'adua 2008: US$8.25 billion 2009: US$8.65 billion (top 3 in Africa in both years) Goodluck Jonathan 2010: US$6.099 billion 2011: US$8.92 billion (ranked number 1 in Africa) 2012: US$7.127 billion 2013: US$5.61 billion 2014: US$5 billion Jonathan/Buhari 2015: US$3.064 billion Muhammadu Buhari 2016: US$3.45 billion 2017: US$2.413 billion 2018: US$775 million 2019: US$2.305 billion 2020: US$2.4 billion 2021: US$3.313 billion 2022: US$895 million Buhari/Tinubu 2023: US$1.87 billion Bola Tinubu 2024: - Tonye Barcanista Link to UNCTAD FDI Reports for Nigeria in the last 30 years: https://unctad.org/data-visualization/global-foreign-direct-investment-flows-over-last-30-years 10 Likes 3 Shares
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Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by slivertongue: 10:41pm On Aug 12 |
Apc is a curse 80 Likes 1 Share |
Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by TonyeBarcanista(m): 10:42pm On Aug 12 |
slivertongue:Curse is an understatement 90 Likes 5 Shares |
Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by slivertongue: 10:42pm On Aug 12 |
Buhari and tinubu are two sides of a coin. Bunch of economic illiterates. Borrow and waste palliatives administration. 86 Likes 12 Shares |
Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by slivertongue: 10:43pm On Aug 12 |
TonyeBarcanista: Ok APC is a plague. 56 Likes 5 Shares |
Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by TonyeBarcanista(m): 10:44pm On Aug 12 |
slivertongue:Both only desired power to expand their political status 63 Likes 6 Shares |
Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by UselessBuharist: 10:44pm On Aug 12 |
APC has no business being in government. Tinubu and Buhari are clueless, they have no business with economy 56 Likes 1 Share |
Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by TonyeBarcanista(m): 10:44pm On Aug 12 |
slivertongue:Worse than what befell Egypt of the Bible story 13 Likes |
Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by DMerciful(m): 10:45pm On Aug 12 |
APC is a satanic party! They came to kill, steal and destroy 44 Likes |
Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by DesChyko: 10:57pm On Aug 12 |
Well, a snake will always give birth to something that is long. Meanwhile, I'm not sure why this thread was closed as fake news. I'm certain I'm not the only one who saw that video the Professor rendered in Hausa language? I just didn't post it because it would require astute translation which I can't giver flawlessly. https://www.nairaland.com/8182728/tinubu-owns-17-oil-wells 7 Likes |
Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by Omooba77: 11:00pm On Aug 12 |
TonyeBarcanista: It is so funny, people still hate PDP...... 10 Likes |
Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by phantomxx: 11:03pm On Aug 12 |
Meanwhile these were the same jokers running their mouths like borehole at ojota in 2012.. truly empty vessels make the loudest noise! 🤦🏾♂️ 45 Likes 2 Shares |
Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by iwaeda: 11:03pm On Aug 12 |
TonyeBarcanista: APC brought retrogression to every areas of Nigeria. 21 Likes 1 Share |
Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by TonyeBarcanista(m): 11:08pm On Aug 12 |
DMerciful:Satanism is worse! The Party is Satan itself 24 Likes |
Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by TonyeBarcanista(m): 11:10pm On Aug 12 |
Omooba77:The PDP of today is not the PDP then! PDP of today is like a personal farm of Nyesom Wike, they are conquered by Bola Tinubu and cannot pose any seriousness. Their Governors are now into full-time business of licking Tinubu a$$$. 16 Likes |
Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by Dalohad: 11:27pm On Aug 12 |
Immediately after GEJ was pushed out in 2015, investors started taking their money. They knew Buhari was a power-hungry empty skull who had nothing to offer and Tulumbu is following suit. The best presidents Nigeria has ever had never bullied their way to power, they were actually called to come lead. OBJ was called from prison, and Umaru Musa Ya'adua was begged by OBJ to take the mantle. GEJ was convinced to lead after UMY's death. They never swore to bring down heaven like bloodthirsty Buhari, they never bullied their way to power with money, bribing every living and non-living thing from Judges to INEC officers, like Tulumbu did. The answers is simple, if a man bullies his way to power, he really has nothing to offer. He just wants to fulfill his sickening ambition to rule over everyone at your expense. Nothing more. History will still repeat itself because Nigeria is alost cause, they never learn. I assure you. 55 Likes 5 Shares |
Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by TonyeBarcanista(m): 11:30pm On Aug 12 |
Dalohad:In fact, what I have learnt from this your post is something I will never forget. People who display desperation for power literally have nothing to offer. 46 Likes 6 Shares |
Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by KillahPriest: 11:34pm On Aug 12 |
Na statistics we go chop ? Nigerians are realizing with brute force that economics doesn't give a damn shît about propaganda. You might control and gag the media narrative but the streets know the bitter truth 22 Likes 2 Shares |
Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by MasterJayJay: 11:44pm On Aug 12 |
But op supported election of Buhari in 2015. You guys are very funny. Years to come, one Tinubu supporter will also come and write how Tinubu ruined the economy of Nigeria. 12 Likes 1 Share |
Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by TonyeBarcanista(m): 9:01am On Aug 13 |
KillahPriest:The statistics is back to bite 9 Likes |
Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by Jokerman(m): 9:06am On Aug 13 |
APC is bad news. They destroyed this country. Imagine a leader that met basket of tomatoes at 25k, took it to 180k per basket, and now it dropped to 65k, and some mumus are praising this evil government. May God help Nigeria 12 Likes |
Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by Racoon(m): 9:07am On Aug 13 |
Lies and propaganda does not amount to good governance APC government came to steal, kill and destroy hence is a curse upon this nation. 15 Likes |
Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by TonyeBarcanista(m): 9:42am On Aug 13 |
Jokerman:The jubilation is what I don't understand 12 Likes |
Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by Ikaeniyan0: 9:57am On Aug 13 |
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Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by Bobloco: 11:08am On Aug 13 |
The APC had just a single purpose, which is to kill, steal, and destroy. Goodluck Jonathan did warn us about these Janjaweedians when they first came with their demonic and evil change mantra. 15 Likes 2 Shares
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Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by NeckingNgulping(m): 11:09am On Aug 13 |
The people who are defending this disastrous government need to have their brains checked. 13 Likes |
Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by OriOko88(m): 11:09am On Aug 13 |
Every indices keeps pointing to the fact that PDP is still the best party in Nigeria so far. I wonder how Nigeria would be if APC had taken over in 1999. We would be far worse that Somalia and Sudan in poverty and misery. Since 1999 that iv been voting,iv never voted anything anything APC. It' has always be PDP. 12 Likes |
Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by Tjra: 11:10am On Aug 13 |
NeckingNgulping: Muhammadu Buhari 2022: US$895 million Buhari/Tinubu 2023: US$1.87 billion Bola Tinubu 2024: ? If you are educated, you ought to know there is 100% growth between 2022 and 2023. And no figures yet for 2024 which the current administration will be solely responsible for. This is August 13th with some months left to close the year. So, based on the statistics display, I believe it's your brain you should check or find someone to teach you elementary maths. 7 Likes 2 Shares |
Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by rapheal5(m): 11:12am On Aug 13 |
somebody should pls explain how yaradua was able to reduce cost of fuel and FDI stuffs within 2 years..... 2 Likes 2 Shares |
Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by Eriokanmi: 11:13am On Aug 13 |
slivertongue: CURSE is an understatement. It's evident in our living as Nigerians today 1 Like |
Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by NeckingNgulping(m): 11:14am On Aug 13 |
DesChyko: The admin that closed it, the last person that commented is a staunch Tinubu supporter. 3 Likes 1 Share |
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