Nigeria FDI falls to $2.3b in 2010, says UN
Nigeria’s Foreign
Direct Investment (FDI) inflows fell from six billion dollars in 2009
to 2.3 billion dollars in 2010, a new United Nation report says.
The fall represents
a 60.4 per cent decline. The latest UN Conference on Trade and
Development (UNCTAD) Global Investment Trends Monitor (GITD) was
released on Monday at the UN office in Geneva. The report notes that
inflows into Africa, which peaked in 2008, is on the decline, despite
an increase in developing and transition economies, which rose by 10
per cent in 2010.
“Estimates show
that FDI inflows in the continent fell by 14 per cent to 50 billion
dollars in 2010, although there are significant regional variations,”
the report stated.
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