United Nations Conference on Trade and Development , has said global foreign direct investment remained flat in 2019, standing at $1.39 trillion, even as investment surged in Nigeria by 71 per cent to $3.4 billion.
Specifically, flows to West Africa increased by 17 per cent to an estimated $11 billion, with 71 per cent or $3.4 billion investment going to Nigeria. “However, the decrease of announced Greenfield projects by 22 per cent – an indicator of future trends, high geopolitical risks and concerns about a further shift towards protectionist policies temper expectations,” the report noted.
Source: News Formal (newsformal.com)
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