#1INVESTMENT NIPC PROMOTION COMMISSION NIGERIAN INVESTMENT PROMOTION COMMISSION REPORT OF INVESTMENT ANNOUNCEMENTS IN NIGERIA* January-March 2022 Department of Strategic Services April 2022 * This Report is based only on investment announcements cited in the NIPC Intelligence Newsletters published from January - March 2022. It may not contain exhaustive information on all investment announcements in Nigeria during the period. NIPC did not independently verify the authenticity of the announcements. Sectoral grouping is based on International Standard Industrial Classification of All Economic Activities (ISIC) Rev.4.#2Investment announcements, Q1 2022 By sector US$2.58bn By destination By source US$2.58bn US$2.58bn NIGERIAN INVESTMENT COMMISSION Manufacturing US$1.1bn 45% Sokoto US$1.05bn 41% Nigeria US$1.13bn 44% Agriculture US$0.64bn 25% Lagos US$0.88bn 34% USA US$1.01bn 39% ICT US$0.52bn 20% FCT US$0.06bn 2% UK HK US$0.21bn 8% Transportation US$0.12bn 5% Rivers US$0.05bn 2% UAE US$0.11bn 4% Others US$0.15bn 6% Others US$0.54bn 21% Others US$0.12bn 5% 33 projects across 5 States + FCT 2 ICT = Information, Communication & Technology PROMO#3Investment announcements, Q1 2022 NINVESTMENT NIGERIAN Investor Sector Source Destination US$'bn Reported BUA Cement Manufacturing Nigeria Sokoto 1.05 January Tingo Agriculture USA ΝΑ 0.50 February B Capital Group + Others Information, Communication USA Lagos 0.25 February & Technology Softbank Vision Fund + Others Information, Communication UK Lagos 0.13 January & Technology Speedinvest and others Transportation Austria Lagos 0.11 March Maser Manufacturing UAE Lagos 0.10 February Information, Communication USA Lagos 0.10 March Microsoft Corporation & Technology Generation Investment Finance & Insurance UK Lagos 0.08 March Management and Broadscale Group ΝΑ Agriculture Presco Nigeria PLC Agriculture Top 10 93.6% USA FCT 0.05 March Nigeria Rivers 0.05 March Top 10 announcements 2.41 Q1 Total 2.58 3 COMMISSION PROMOTION#4Investment announcements, Q1 2021 vs Q1 2022 By source, Q1 2021 Nigeria US$2.95bn 35% Morocco US$1.40bn 17% UK US$8.41bn NIGERIAN INVESTMENT COMMISSION By source, Q1 2022 Nigeria US$1.13bn 44% USA US$1.01bn 39% UK US$0.21bn 8% US$0.24bn 3% US$2.58bn USA US$0.08bn 1% UAE US$0.11bn 4% Others US$3.74bn 44% Others US$0.12bn 5% By destination, Q1 2021 By destination, Q1 2022 Bayelsa US$3.60bn 43% Sokoto US$1.05bn 41% Delta US$2.94bn 35% Lagos US$0.88bn 34% Akwa Ibom US$1.40bn 17% FCT US$0.06bn 2% US$8.41bn US$2.58bn Lagos US$0.26bn 3% Rivers US$0.05bn 2% Others US$0.22bn 15 projects across 8 States 3% 4 Others US$0.54bn 21% 33 projects across 5 States + FCT PROMO#5Investment announcements, Q1 2021 vs Q1 2022 By sector, Q1 2021 US$8.41bn Manufacturing US$5.08bn 60% Construction US$2.90bn 34% By sector, Q1 2022 US$2.58bn Manufacturing US$1.1bn 45% Agriculture US$0.64bn 25% Electricity US$0.26bn 3% ICT Agriculture US$0.11bn 1% Others US$0.07bn 1% 15 projects across 8 States 5 US$0.52bn 20% Transportation US$0.12bn 5% Others US$0.15bn 6% = 33 projects across 5 States + FCT Electricity Electricity, Gas, Steam and Air Conditioning Supply ICT = Information, Communication & Technology NIGERIAN INVESTMENT COMMISSION PROMO#6Investment announcements, 2021 vs 2022 US$ billion 3.84 5.72 2021 2022 NIGERIAN 1.22 3.07 1.51 2.22 2.76 ….…...... 0.91 0.45 0.14 0.6 0.95 1.04 0.74 0.71 January February March April May June July August September October November December CO 6 NINVESTMENT COMMISSION PROMOTION#7Investment announcements, 2021 vs 2022 US$ billion Q1 Q2 Q3 Q4 ■Total 8.41 1.69 8.99 7 4.21 23.30 2.58 NINVESTMENT NIGERIAN COMMISSION PROMOTION#8Investment announcements, 2018 - 2022 2018 $90.89bn 27.34 17.82 16.18 90.89 2019 $29.91bn 5.47 NIGERIAN INVESTMENT COMMISSION 2020 $16.74bn 2021 $23.30bn Q1, 2022 $2.58bn ■ Q1 ■Q2 Q3 ■Q4 ■Total 4.21 29.55 9.29 2.44 12.71 29.91 8.99 7.76 23.31 16.74 1.69 3.92 0.25 8.41 4.81 Q1 Q2 Q3 Q4 2018 Q1 Q2 03 Q4 2019 Q1 Q2 Q3 Q4 2020 Q1 Q2 Q3 Q4 2021 2.58 Q1 92 projects across 23 States + FCT 76 Projects across 17 States + FCT & Offshore 63 projects across 21 States + FCT + Niger 97projects across 18 33 projects across 5 States + States Delta Region FCT 8 PROMO#9For further details, please contact us INVESTMENT NIGERIAN. NIPC COMMISSION PROMOTION Subscribe to the NIPC Newsletter http://eepurl.com/dkvoU1 Investment information www.theiguides.org/nigeria Department of Strategic Services Plot 1181 Aguiyi Ironsi Street Maitama District Abuja [email protected] [email protected] www.nipc.gov.ng NIGERIAN INVESTMENT PROMOTION COMMISSION