Finance Minister Says Nigeria’s FDI Fell By $19bn.

Foreign Direct Investments into Nigeria fell by $19 billion dollars in 10 years, from $22.7 billion dollars in 2014 to $3.7 billion dollars in 2023.

A presentation made by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, said, the key issues confronting the economy and what the government was doing about it, and the Lagos Business School Breakfast Club provides an avenue for C-suite executives to gain access to high-quality intelligence about the operating business environment, without expending much of their most scarce resource- time.

The primary objectives of the Breakfast Club include showing the nature of available opportunities or affording a better understanding of current issues, therefore, provide opportunities to share experiences and strengthen networks.

According to Edun, the kernel of the Federal Government’s economic reforms aims to boost forex supply through increased Foreign Direct Investments and Foreign Portfolio Investments.

This is coming after in February, the Minister of Trade, Industry and Investment, Doris Uuzoka-Anite, said that Nigeria attracted $30billion dollars’ worth of investments during President Bola Tinubu’s first eight months in office.