Why You Should Invest In Nigeria

London – Dr Olusegun Aganga, the Minister of Industry, Trade and Investment, on Sunday said Nigeria still ranked fourth in the global ratings on nations with high returns on investment.

“When you talk of returns on investment, Nigeria ranks fourth with an average return on investment of about 36 per cent, which compares to about 6.6 per cent globally,’’ Aganga told newsmen at the end of the 17th session of the Honorary International Investment Council (HIIC), held in London.

He said reforms and policies in all sectors of the Nigerian economy continued to attract good investment flow, with infrastructure and power having the most opportunities for investments.

“Currently we have a pipeline commitment of at least 59 billion dollars in different sectors of the economy and that excludes the commitment in the power sector.

“In power alone, we have commitment of over 60 billion dollars over the next five to eight years.

“So, if you are looking for a home for foreign direct investment (FDI), then I will say power is one of the very important sectors and the biggest opportunity,’’ Aganga said.

He said opportunities in the power sector cut across the value chain involving power generation, transmission, distribution and production of the turbines.

The Minister also said the return on investment in the road sector was equally high, especially in areas with toll routes.

Culled from; vanguardngr

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