NIPC Collates $15.15bn Investments In First Half Of 2019

The Nigerian Investment Promotion Commission (NIPC), says it has collated 15.15 billion dollars investments in the country for the first half of 2019. Ms Yewande Sadiku, NIPC Executive Secretary 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.

Sadiku said 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 News Agency of Nigeria (NAN) reports that the destination states for the investments were Ogun, Lagos, Kaduna, Ondo, and Enugu among others.

Oil and Gas investments according to the reports are to be sited offshore Nigeria. She explained that major announcements were from Royal Dutch Shell Plc, with 10 billion dollars in crude exploration and Moroccan OCP Group’s plan to build a 1.5 billion dollars ammonia plant in three states. (NAN)