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Federal Government says Nigeria’s FDI fell by $19 billion in 10 years

Written by on April 17, 2024

The Federal Government is saying that Foreign Direct Investments into Nigeria fell by $19 billion in 10 years, from $22.7 billion in 2014 to $3.7 billion in 2023.

This was contained in a presentation made by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, to top business leaders in Lagos recently.

At the presentation, which was made before leading business executives at the Lagos Business School Breakfast Club, the minister spoke about the key issues confronting the economy and what the government was doing about it.

Also, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, is saying that the Nigerian economy is moving in the right direction as policies of the new administration has started slowing down food inflation.

The minister spoke virtually on a live television programme from Washington DC where he is attending the IMF-World Bank Spring Meetings.

Edun says himself and Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso, are in Washington DC to showcase the progress made so far in the Nigerian economy.

The finance minister says the Economic Team of President Bola Tinubu is there to showcase the progress so far of his bold, courageous and strategic reforms of the Nigerian economy in order to stabilize it and get investment into it.


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