" ITREALMS: FDI
Showing posts with label FDI. Show all posts
Showing posts with label FDI. Show all posts

Wednesday, July 19, 2023

Nigeria records negative FDI in 2022 says UNCTAD - ITREALMS

ITREALMS ... making leadership SENSE with digital news!

The Foreign Direct Investment (FDI) into the Federal Republic of Nigeria in 2022 turned negative to -$187 million as a result of equity divestments, reports ITREALMS.
Nigeria records negative FDI in 2022 says UNCTAD - ITREALMS
Disclosing this, the World Investment Report 2023 published recently, ITREALMS gathered that FDI flows to Africa also declined to $45 billion in 2022 from the record $80 billion set in 2021, which also accounted for 3.5% of FDI globally.

Tuesday, July 18, 2023

FDI: Africa suffers decline by $45bn in 2022 says UNCTAD - ITREALMS

ITREALMS ... making leadership SENSE with digital news!

The latest from the United Nations Conference on Trade and Development (UNCTAD's) World Investment Report 2023, has revealed that international project finance deals targeting Africa declined by some 47 per cent in value, reports 
ITREALMS.
FDI: Africa suffers decline by $45bn in 2022 says UNCTAD - ITREALMS
The World Investment Report 2023 published recently, ITREALMS gathered saw foreign direct investment (FDI) flows to Africa declined to $45 billion in 2022 from the record $80 billion set in 2021, which also accounted for 3.5% of FDI globally.

Tuesday, October 27, 2015

Dikki says BPE is enabling FDI inflow, commends GOCOP launch




The Director-General of the Bureau of Public Enterprises (BPE), Mr. Benjamin Ezra Dikki, has commended the formal launch of the Guild of Corporate Online Publishers (GOCOP) just as his office is enabling inflow of Foreign Direct Investment (FDI) into the country, reports ITRealms.


Speaking at the launch of GOCOP in Lagos at the weekend, Mr. Dikki also said BPE has laid the foundation for enabling foreign direct investment in the country through privatization and commercialization.


“No doubt, the launch of GOCOP could not have come at a better time than now, given that the world over, online publication has become the vogue; and Nigeria cannot afford to be left behind,” he said.


BPE, he said, thus commends GOCOP bold initiative to inaugurate the Guild which undoubtedly, is made up of reputable media practitioners with several years of experience with the primary objective of ensuring that online publishers in Nigeria uphold the tenets of journalism and to serve as a platform for peer review.


He pointed out that the Bureau as the secretariat for the policy implementation arm of the National Council on Privatization (NCP) chaired by His Excellent, the Vice Presidency is focused on reform and privatization.



“In this regard, at the beginning of every year, the Bureau takes its work plan to Council for approval before implementation. It should be noted that in over three decades, reform and privatization have been a key economic policy of successive administrations as regards in Nigeria,” he said.



As a result of the reforms, privatisation and commercialization, Dikki said, Nigeria has witnessed tremendous inflow of foreign direct investments in various sectors of the economy.


“It is worthy to note that the advent of democratic governance since 1999, strong foundation were laid for economic reform and attraction of private capital to the national economy,” he said.


The government, he said, believes that the effective implementation of the proposed reform programmes will attract private capital; reduce government and political interference in the running of the economy; and clearly define role and functions of participants in the economy.


He recalled that the improved telephony which the nation is presently enjoying is a result of such reforms in the sector which produced the Telecom Policy and Legal/Regulatory framework which the NCP/BPE championed in 2000.


“Through the reforms carried out in the telecommunications sector, Nigeria has moved from about 400,000 telephone lines in 2001 to about 134 million lines in 2015; and the teledensity has increased from estimated 2.5 per cent to 95 percent in a space of 12 years,” Dikki said.


Describing inauguration of GOCOP as another eloquent testimony of the successful reform of the telecommunication sector, given that its main stead is on technologies. 


“And the same multiplier effect is expected when the reforms in other sectors of the economy by the federal government are completed,” he said and congratulated GOCOP on this milestone.

+Remmy Nweke (ITRealms) +ITRealms DSA  
ITREALMS ... everything news digitally!