Investor Presentaiton
Nigerian National Petroleum Corporation (NNPC) as regards the nation's joint
venture accounts in 2008 has not been received.
The Non-oil sector attracted US$7,109 billion which represents about 91% of the
inflow with the Services sector being the major beneficiary with about 82% of the
total inflow into the economy. The banking and finance sub-sector accounted for
about 69% while the telecommunications sub-sector attracted about 9%.
The country remains the highest destination of investment within the Economic
Community of West African States (ECOWAS) region by attracting about 50% of
the total volume into the region. It is worth to note that when compared to other
countries in Africa in terms of total stock of FDI attracted over the last 10 years,
Nigeria is ranked second to South Africa.
Table 5.5.1: FDI Inflow (2005 - 2008) US$
Sector
Agriculture
Services
2005
6,979,868.60
783,113,950.00
2006
2007
2008¹
370,001.38
32,268,765.32
1,724,970.00
16,870,049.54
5,757,087,637.03 6,362,441,823.87
Engineering
Manufacturing
125,652,195.20 954,116,449.71
335,159,753.20 13,217,889.76
92,873,274.97
146,192,940.29
713,810,147.52
504,075,577.06
Commerce
67,864,610.40 21,462,809.25
124,751,374.66
94,686,156.58
Tourism/Hospitality 70,000.00
45,129,640.77
Oil & Gas
49,357,879.20
9,142,975.51
152,015,273.30 641,265,589.01
Total
1,368,198,256.60 1,015,180,206.84 6,935,413,278.57 7,750,387,056.81
Sources: CBN and NNPC
2008¹: Provisional Data
Fig. 5.5.1:
FDI Inflows (2005 - 2008) US$
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