The Central Bank Governor (CBN), Sanusi Lamido Sanusi, today informed the Senator Ahmed Makarfi led Committee on Finance investigating the allegations of unremitted funds into the Federation Account that out of the $67 billion crude oil sales that was processed and expected to be remitted to the constitutionally provided for […]
Author: InvestAdvocate
Investments in power sector hits $50bn
The Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, has said that the privatisation of Nigeria’s power sector has unlocked the investment opportunities in the sector, with pipeline investments estimated at $50bn currently. Aganga said for the first time in Nigeria’s 53-year history, the country successfully privatised the electric […]
Nigeria Plans to Double GDP Share for Manufacturing in 3 Years
Nigeria plans to more than double the contribution of manufacturing to its economy in the next three years through policy stimulus and investments, Trade and Investment Minister Olusegun Aganga said. “We will increase manufacturing from an abysmal 4 percent of the gross domestic product to over 10 percent by 2017,” […]
