Investor Presentaiton

16000 14000 12000 10000 8000 6000 4000 2000 0 Nigeria South Africa Ghana Cote dIvoire Tunisia Ethiopia Cameroon -2000 2005 ■2006 2007 Source: UNCTAD In 2008 Nigeria was at the top of the ten Africa FDI recipient nations with over US$20billion followed by Angola and Egypt. The ethnic conflicts and youth restiveness in the Niger delta affected the level of the crude Oil production. These socio-political conflicts coupled with the election tension aggravated the problems of insecurity and hence the uncertainty in the domestic business environment which in turn impacted negatively on the inflow of FDI. Towards this the Federal Government has stepped up security in the region and the youths in that region are being empowered to engage in productive ventures. 5.5 FOREIGN DIRECT INVESTMENT (FDI) TRACKING IN NIPC The FDI inflow to Nigeria, collated in the Commission, through Certificated of Capital importation of CBN and the Joint Venture Data of NNPC is summarized in Table 5.5.1. The total volume of Foreign Direct Investment (FDI) captured through the Central Bank of Nigeria is US$7,750billion (seven billion seven hundred and fifty million United States Dollars). This represents about 11% increase over 2007 figure of US$6,935billion (six billion nine hundred and thirty five million United States Dollars). As at the time of compiling this report, an input from the 57 52

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