Investor Presentaiton
The cumulative inflow of FDI in the year 2007 was $23,519.22m; total companies
recorded are 332, and a total employment level of 56,808 people.
In 2008, the Agriculture/Agro
Allied sector recorded the highest inflow of
foreign investment of $535.61million representing 69% with 4 companies
registered and a total of 163 people employed. This sector was followed by
ICT/Communications which came a distance second registering $142.25million as
FDI inflow with 4 companies registered and 1,008 people employed. In third
place is the Pharmaceuticals sector with FDI inflow of $74.97million, registering
just one company and with employment generation estimated at 92 people.
Following the Pharmaceuticals sector, is the Manufacturing sector with FDI
inflow of $11.25million registering 17 companies with employment generation
put at 1,511 people. In fifth place is the services sector with FDI inflow of
$2.58million, registering 4 companies and generating employment for 246
people. Following in sixth place is the Solid Minerals sector with FDI inflow put
at $0.72million with 2 companies recorded. However, data on employment
generated is unavailable as this was not provided by the two companies
registered. In last place is the Transport sector with FDI inflow put at
$0.02million with one company recorded. Here too, there was no data on
employment generated as none was provided by the company.
Comparison of FDI Inflow
In comparison, the Commission registered more companies in the year 2007
as against the year 2006 from 202 to 332; there is also a remarkable
performance in respect of FDI inflow in 2007 as against 2006 as shown in the
graph below ($1,962.44million FDI inflow in 2006 as against $23,519.22million
FDI inflow in 2007). The rate of employment has risen dramatically from
24,832 in the previous year to 56,808 in 2007 The 2007 increase in FDI inflow is
also as a result of huge investment in the following sectors - Manufacturing
with $23,070.31million, Oil & Gas and Services with $373.76million, while the
highest employment generation of 30,847 people was recorded from the
Manufacturing sector.
5.7.4 ONE STOP INVESTMENT CENTRE (OSIC)
The One Stop Investment Centre is structured as a special department of NIPC,
with membership drawn from within and outside the Commission (participating
agencies) and its operation are synchronized with that of NIPC mandate of
investment promotion, facilitation as well as advocacy. The mandate is achieved
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