Monday, September 12, 2011

Govt Secures N2.2 Trillion Investment Commitment for Non-Oil Sector

Daily Trust
12 September 2011

The Federal Government has secured about N2.2 trillion investment commitment from foreign and local investors for the non-oil sector of the Nigerian economy which will be invested in the country within the next 12 months.

The Minister of Trade and Investment, Mr. Olusegun Aganga, confirmed this during the ministerial press briefing to mark President Goodluck Jonathan's 100 days in Office, in Abuja, last Thursday.

He said that out of this amount, about N600 billion ($4bn) would be invested in the solid minerals sector by foreign investors while about N1.55 trillion will be invested by local investors in the manufacturing and agro-business industries.

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