A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 - Politics (2)

Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,207,189 members, 7,998,117 topics. Date: Saturday, 09 November 2024 at 07:51 AM

A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 (10406 Views)

Kidnapping Has Decline Since The New Naira Policy / $600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta / List Of Bills Buhari Refused To Sign Into Law Since 2015 (2) (3) (4)

(1) (2) (3) (4) (Reply) (Go Down)

Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by BlackfireX: 11:16am On Aug 13

Fake news ...

Goodnews

grin

Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by Ikumapkayi: 11:17am On Aug 13

You are a paid agent! You presented statistics without providing the context. The gullible were also commenting, castigating the APC, forgetting that FDI inflow was high then because oil sold for over $100 per barrel, making Nigeria a prime spot for FDI. Additionally, it was the early years of the GSM and internet revolution. Keep spewing old trash to appease your paymaster

4 Likes 1 Share

Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by Creditalerts: 11:17am On Aug 13

Na statistics we go chop

In tinubu's voice 😆🤣😂😹

1 Like

Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by upengineer: 11:18am On Aug 13

If that's the case why has it been difficult for PDP to regain power?

Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by Blazetrailer: 11:18am On Aug 13

Meanwhile, the Finance Minister said one-off the major reasons the devalued naira was ti attract foreing investors

Nigeria is in serious trouble with these bunch at the helm

1 Like

Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by upengineer: 11:20am On Aug 13

Seriously
:

Ikumapkayi:
You are a paid agent! You rolled out statistics without providing the context. The gullible were also commenting castigating the APC forgetting that FDI inflow was high then because oil sold for over $100 per barrel hence making Nigeria a soft spot for FDI. Secondly it was those early years of GSM and internet revolution. Keep spewing old thrash to appease your pay master.

1 Like

Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by israelmao(m): 11:20am On Aug 13

Every gold APC touches turns to wood.

1 Like

Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by CSTRR: 11:21am On Aug 13

Ikumapkayi:
You are a paid agent! You rolled out statistics without providing the context. The gullible were also commenting castigating the APC forgetting that FDI inflow was high then because oil sold for over $100 per barrel hence making Nigeria a soft spot for FDI. Secondly it was those early years of GSM and internet revolution. Keep spewing old thrash to appease your pay master.

The Russia-ukraine war started under buhari, pushing oil prices to record levels.

How did that reflected in the standard of living of Nigerians?

President Obasanjo faced one of the lowest oil prices in history. Oil prices Lower than that of buhari and even tinubu.
Look at his economic performances and the savings he did.

If you don't have it, you don't have it.

11 Likes

Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by Nickymichy(m): 11:21am On Aug 13

based on what you have posted up there, you will see that the decline started under Jonathan in 2014. If you look at 2023, there's an increase to suggest that it is not bad for this administration (Tinubu) I keep saying this to people. Our economy decline started under Jonathan and then destroyed by Buhari. Let's just hope the current administration will do the right thing.

4 Likes

Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by OriOko88(m): 11:23am On Aug 13

Ikumapkayi:
You are a paid agent! You presented statistics without providing the context. The gullible were also commenting, castigating the APC, forgetting that FDI inflow was high then because oil sold for over $100 per barrel, making Nigeria a prime spot for FDI. Additionally, it was the early years of the GSM and internet revolution. Keep spewing old trash to appease your paymaster

And who brought the GSM? Who revolutionized telecommunication in Nigeria? Was it not pdp??

1 Like

Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by Osariemen12: 11:24am On Aug 13

One thing is certain: Cote d'Ivoire will be ahead of Nigeria in the FDI table in 2025.

God bless Alassane Dramané Ouattara, the best performing president in West Africa since 2013.

4 Likes

Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by RemiClitHoris: 11:25am On Aug 13

TonyeBarcanista:

Both only desired power to expand their political status

Buhari and Tinubu, Bad Men with bad intentions.

Thunder strikes all those who protested in 2012 against Jonathan, including all the scam pastors, Imam, foolish professors, and tribal bigoted idiots. They protested, lied, and caused chaos in the country so that they would have something to hold against Jonathan, a good man with good intentions.....How far today?

Nigerians will continue to suffer till eternity unless we do the right things.....stop ethnic, and religious bigotry and discrimination, hate, nepotism, corruption, and systematic subjugation and sidelining of well-meaning Nigerians in the running of affairs of this country.

See what they have done to my country......sad.

3 Likes 1 Share

Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by skywalker240(m): 11:32am On Aug 13

rapheal5:
somebody should pls explain how yaradua was able to reduce cost of fuel and FDI stuffs within 2 years.....

That was a leader that has the interest of the citizens at heart

3 Likes

Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by Niceme2020: 11:34am On Aug 13

Nigeria was doing 2.1 million barrel of crude oil per day in the Year 2000 with a population of 120 million people, today Nigeria is doing 1.6 million barrel of crude per day with a population of 230 million people.

4 Likes

Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by IGBOPROMISE1: 11:36am On Aug 13

TonyeBarcanista:

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.

Apt!

3 Likes

Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by XploraBen(m): 11:38am On Aug 13

Tjra:

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.

You paid BATidiots always show the highest level of stupidity with your comments.

I guess you overlooked the bolded and just rushed to comment bunkum.

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.

The APC you and your ilks have been supporting since 2015 have done nothing but underwhelmingly reversed economic growth and development in Nigeria.

2 Likes

Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by IbeOkehie: 11:42am On Aug 13

From what I read in business papers, the most popular foreign investments into Nigeria since 1999 have been BEER BANKS CEMENT.

The government just took a big hammer to banking investment with their recently enacted retroactive tax on forex profits earned by banks.

Socialism is bad. Nothing good comes of it.

Good Luck to Nigeria.

Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by cucumbar: 11:50am On Aug 13

TonyeBarcanista:
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

It shouldn’t come as a surprise.

That was when demonic entities took the reins of The country.

Since then, everything positive have been on a downward spiral.

Nothing good can come out of demons.

2 Likes

Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by Validated: 11:51am On Aug 13

slivertongue:
Buhari and tinubu are two sides of a coin. Bunch of economic illiterates. Borrow and waste palliatives administration.

APC effect ...

1 Like

Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by Rawgold29(m): 11:54am On Aug 13

Tjra:

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.

...lol tinubu APC growth ?..adio

Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by Bluntemperor: 11:58am On Aug 13

TonyeBarcanista:

Curse is an understatement

This Nairaland Forum can only managed the rubbish being dished out by the Writer,who is so Politically biased in all ramifications.
He is the same man, foming on his own topic and you can can imagine,there is no innovation in his presentation, other than castigate those in power! They don't have Suggestions on what can be done.
They are actually foot 🦶- Soldiers to many opposition Parties.
Tu,e!Tu e!

2 Likes

Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by NeckingNgulping(m): 12:00pm On Aug 13

Tjra:

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.

It's apparent that, by the way things are going, FDI will further go down by the end of the year.

Can't you see how it's been going down the drain since 2015 when Tinubu's backed up federal government led by Buhari took over?

Don't forget he said "he will continue from where Buhari stopped."

Under your lord and saviour Tinubu, companies are folding, foreign investment is declining. Infact, every industry is in sorry state.

Are you not reading the news? Or you allow the 30k stipend to take away your common sense.

Why did total energy choose to invest 6b dollar in Angola over Nigeria?

You need to wake up and get your brain checked.

3 Likes

Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by CorrectionFLuid: 12:01pm On Aug 13

TonyeBarcanista:

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$$$.

Lol.. is this really coming from you?

Wait o, first of all, where do you belong now ?

You used to be PDP, then switched to APC,then back to PDP, and now you're insulting both parties.

What's the update?

Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by efembaba(m): 12:12pm On Aug 13

We shall see when it comes out because you are probably too blind to already see the clear signs on the wall.
Also mind you, It's the same APC that has been pulling this country to the mud since the time of Buhari which had the consistently lowest number of FDI that is still in power. You bunch are a curse to this nation!

Tjra:

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.

2 Likes

Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by victorVIC1(m): 12:14pm On Aug 13

MasterJayJay:
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.

That he supported APC does not mean that he should stay muted when things are not in alignment with expectations. I respect people like OP.

1 Like

Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by Kukutenla: 12:14pm On Aug 13

Tjra:

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.

You claim to be educated yet you're taking just one year out of the 9 years of APC which is even inconclusive. Did you do statistics in school at all? Do you know what's called trend analysis?
Oh lemme guess. The Buhari years are no longer part of APC. They are now PDP.
Education indeed

2 Likes

Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by Bigframe: 12:14pm On Aug 13

Remind them by 2027 and hear their answer

Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by Benjamin4388(m): 12:14pm On Aug 13

TonyeBarcanista:
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

buhari na bastard

Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by Kukutenla: 12:19pm On Aug 13

Ikumapkayi:
You are a paid agent! You presented statistics without providing the context. The gullible were also commenting, castigating the APC, forgetting that FDI inflow was high then because oil sold for over $100 per barrel, making Nigeria a prime spot for FDI. Additionally, it was the early years of the GSM and internet revolution. Keep spewing old trash to appease your paymaster

You mean oil sold for $100per barrel from 2005 to 2014? And you're not a paid agent.
Can you explain the relationship between fdi and oil price

Re: A Troubling Trend: Nigeria's FDI Inflow Decline Since 2015 by Max24: 12:22pm On Aug 13

The OP is a political jobber. They are working to package Atiku again for 2027. No matter what happens South's 8 years must be sacrosanct !

1 Like

(1) (2) (3) (4) (Reply)

Jonathan Plans Shipyard To Boost Maritime Sector / Ekiti 2018: President Buhari Won’t Manipulate APC Primaries – Gbenga Aluko / Osinbajo To Visit Manufacturing Firms In Anambra

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 61
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.