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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$ 58
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