- November 17, 2021
- Posted by: augustine.u.usuwa
- Categories: Competitive research, Economics, Finance & accounting, Funding trends, International
Foreign investments is said to be attracted through the open market, which allows the foreign direct investment, (FDI) inflows.
The Nigeria sectors that attracts foreign investments are,
1:oil and gas Sectors
2: computer sectors
3: telecommunications sectors
4: trading sectors.
5: insurance sectors
Research tells that the above sectors are found to be the most attractive and and most suitable for attracting foreign investments.these services sectors attracted the highest foreign direct investment equity inflow of US$7.85 BILLION as of 2019-2020.
The United Kingdom tops the list of countries that invested in Nigeria, in the year 2020,reported by the National Bureau of statistics (NBS) followed by
_united Arab Emirates (UAE) -$899.44 million
_Netherlands -$890.58 million
_south Africa with-$875.99 be million
_United states-$741.97 million
_Singapore-$563.11 million
_mauritius-$366.69 million
_ireland-$152.30 million
_british virgin island-$125.02 million.
Nigeria government has also provided a number of incensitives related to taxes, exports and other sectors.other sections in Nigeria that attracts foreign direct investments (FDI) includes…
5: private security sectors
6: engineering sectors
7: broadcasting sectors: for a company to acquire a broadcasting licence in in Nigeria,they must be in owned by Nigerians and must not represent Nigeria interest.
8: Management restrictions: States that private limited companies, must at least have two share holders, two directors and a company secretary.