An update received from the office of the Vice President of Nigeria on the state of foreign investment inflow into the economy has indicated that about $83.9 billion worth of investments were announced between January 2017 and the end of the first quarter of 2018, Q1’18. Osinbajo The report titled, “2018 Making Business Work”, evaluated government’s efforts in improving the business environment in Nigeria and was presented to the Vice President Yemi Osinbajo, by the Enabling Business Environment Secretariat in the Vice President’s office during the monthly meeting of the Presidential Enabling Business Environment Council (PEBEC). A breakdown of capital investments as contained in the report showed that in 2017, over $66 billion worth of investments were announced, comprising 112 projects across 27 states and the FCT Abuja, while an additional $17.9 billion worth of investments were announced in quarter 1 of 2018, as actual capital importation stood at $6.3 billion, representing over six times the value in the first quarter of 2017, Q1’17. The Senior Special Assistant to the President on Media & Publicity Office of the Vice President, Laolu Akande, who unfolded the report yesterday, stated that measurable progress has been recorded on multiple fronts as the economy responds to key government interventions particularly in the areas of economic growth, inflation, foreign exchange & external reserves, capital market, investment, infrastructure and social investment programmes. Looking at the journey so far, according to him, the report indicated that under economic growth, the rigorous implementation of the Economic Recovery and Growth Plan, ERGP, led the economy out of a recession in 2017; it grew to 0.83 percent, up from -1.58 percent recorded in 2016, on the back of improvements in agriculture, industry and trade. It further stated that the economy has registered four consecutive quarters of steady growth. In the first quarter of 2018, the economy grew 1.95 percent and is projected to grow by up to 3.0 percent over the year, driven by stronger oil prices, stable production, increased non-oil output and improved foreign exchange availability. The report also indicated that for the first time in Nigeria, under the competitiveness section of the ERGP, soft infrastructure is expressly recognized as a deliberate strategy to attain economic development through the facilitation of an enabling business environment for businesses to thrive. The report specifically recognized government’s efforts in improving the effectiveness of soft infrastructure such as the financial system; the education system; health care system; the system of government; law enforcement; and emergency service. According to the report, “Nigeria’s reforms have so far seen it successfully move 24 places up the World Bank Ease of Doing Business rankings. Overall, in the current reform cycle, the PEBEC focused on three pillars to accelerate and expand the impact of completed reforms. The focus will be on deepening existing reforms. Complete pending initiatives and ensure implementation of completed reforms launched in 2017, including communication and consequence management, as well as making the reforms sustainable.” On inflation, the report indicated that the pressure on prices is easing and inflation fell 16 consecutive months from 18.72 percent in January 2017 to 11.60 percent in May 2018.

https://www.vanguardngr.com/2018/08/economic-reforms-84bn-investments-recorded-in-18-months-osinbajo/

Bunch of cooked lies peddled by the errand boy in the villa while his master is going on his 7th vacation in 3 years

Which electricity them won use run the investment. Nobody invest in such backward country. The odds are just too ugly.

Propaganda, lies, deceit, lawlessness, rascality, blaming everything, killing of Nigerians are the major characteristics of this government.
I stopped attending church services because of wolves like Osibande in our modern day churches.
Truly this man is one of the fake men of God that the bible drew our attention to.
Idiotic and lazy pigs of Buhari can believe anything.

Osinbajo is lying again according to the jobless aggressive lazy idiotic pigs of Biafra.

I didn't read the nonsense....

Where is the effect of the billion dollar investment?
Does the common man feel it?

Osinbajo,well......no P
Continue

Not only a fake pastor,,, but also a lieing one

Meanwhile, Nigeria has overtaken India (a country of 1 billion people) as the most poverty stricken country on earth.

Optional09:
Which electricity them won use run the investment. Nobody invest in such backward country. The odds are just too ugly.

The electricity built by PDP..

fergie001:
I didn't read the nonsense....

Where is the effect of the billion dollar investment?
Does the common man feel it?

Osinbajo,well......no P
Continue

Common man, common man every time, you wan die as a common man? Your mate dey prosper, you dey Dia dey shout common man

4kDdullard:
Propaganda, lies, deceit, lawlessness, rascality, blaming everything, killing of Nigerians are the major characteristics of this government.
I stopped attending church services because of wolves like Osibande in our modern day churches.
Truly this man is one of the fake men of God that the bible drew our attention to.
Idiotic and lazy pigs of Buhari can believe anything.

you are on your own.
You will end up in hell.

Oblang:


The electricity built by PDP..

My comments is non partysan. You can take your party madness to the bank

buhariguy:
you are on your own.
You will end up in hell.

Both of us know that we are already in hell under your dullardinoh.

saaron:
Meanwhile, Nigeria has overtaken India (a country of 1 billion people) as the most poverty stricken country on earth.

keep lying. and you can still afford data to come say rubbish.

Optional09:


My comments is non partysan. You can take your party madness to the bank

But u are partisan....

4kDdullard:
Both of us know that we are already in hell under your dullardinoh.

as you see me so my brother, I don't love the things of this world because I want to go to heaven

buhariguy:
as you see me so my brother, I don't love the things of this world because I want to go to heaven

U want to go to heaven yet your model is the devil.

Why then does our debt keep increasing?.. we are on added N15tr in a space of 3years..

4kDdullard:
U want to go to heaven yet your model is the devil.

btw your ineffectual buffoon and buhari who is the corrupt devil.?

Optional09:


My comments is non partysan. You can take your party madness to the bank

Through Mary our mother...

saaron:
Meanwhile, Nigeria has overtaken India (a country of 1 billion people) as the most poverty stricken country on earth.

Lol.

A net investment inflow of $84B in a small economy such as ours would create at the minimum of 6m -7m net jobs in 18 months.
But instead, we have had a net loss of 7m-9m jobs in the same period.

So, I'm guessing that the $84b entered MM Aiport, and then vanished into thin air, thereby having no positive effect on the economy.

But then , I just pinched myself to remind myself that it is uncle Osinbade speaking, a man notoriously known for periodically sharing Unicorn Meat to the Nigerian people.

buhariguy:
btw your ineffectual buffoon and buhari who is the corrupt devil.?

I have never support our wicked politicians but you folks make dullardinoh look like a saint.

Its disappointing when a respectable office like that of the VP reels out data that is not consistent with the reality on ground.

Can the VP office be more detailed; specific investments in each of the 27 states and specific value of the investments.


I wont be surprised if lagos is excluded from the states like they did with school feeding project; its easier to bust their bubble here.

#Saynotocookedupdata

Sirjamo:
Common man, common man every time, you wan die as a common man? Your mate dey prosper, you dey Dia dey shout common man

You wey dey prosper,I dey see u nah...

Motherlands:


Lol.

A net investment inflow of $84B in a small economy such as ours would create at the minimum of 6m -7m net jobs in 18 months.
But instead, we have had a net loss of 7m-9m jobs in the same period.

So, I'm guessing that the $84b entered MM Aiport, and then vanished into thin air, thereby having no positive effect on the economy.

But then , I just pinched myself to remind myself that it is uncle Osinbade speaking, a man notoriously known for periodically sharing Unicorn Meat to the Nigerian people.

This govt will say anything to remain relevant. Bloody liars.