Minister of industry, trade and investment, Adeniyi Adebayo, on Tuesday, said investment announcement in Nigeria stood at $10.1 billion in the first half of 2021 (H12021), a 100 percent increase from the same period in 2020.
In the first half of 2020, Nigeria attracted $5.06 billion investment due to the impact of COVID-19 pandemic, according to a report by the Nigeria Investment Promotion Council.
The minister said the investment announcement in the six-month period was an indication that Nigeria’s economy is getting stronger and investment climate improving.
Adebayo said this at the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) diplomatic luncheon in Abuja.
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