Nigerian economy is coming back strongly

Nigerian economy is coming back strongly just as foreign investors are making a commitment to invest in the country, Minister of Industry, Trade and Investment, Mr. Niyi Adebayo, s ays.

At a meeting with Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA in Abuja, Adebayo said: “Nigeria is open for business and our investment climate is continually improving.’’

“The year 2020 was challenging for all economies but Nigeria is coming back strong.”

He said Nigeria recorded investments of $10.1 billion in first half of the year, representing an increase of 100 per cent in 2020.

But investment announcements don’t necessarily translate to actual investments.

”Investors from Europe, China, Morocco and the UK are making strong commitments and this administration is working tirelessly to ensure that these commitments turn into projects that positively affect our nation.”


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