Investment in Nigeria increased by 75% in Q1

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Factual Pursuit of Truth for Progress

 

Reports have revealed that the investments made in Nigeria have increased by 75% which is a rise from $4.81 billion in Q1 2020 to $8.41 billion in Q1 2021.

The Nigerian Investment Promotion Commission (NIPC) made this public in its first quarter report.

An increase recorded also of 8.38% compared to the investments made in the previous quarter (Q4 2020), which stood at $7.76 billion.

According to the NIPC, the rise in investments to the gradual return of investors’ confidence globally after the drop caused by the COVID pandemic and effects on the economy.

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