• Latest
  • Trending

Nigerian Economy: States jostle for foreign Investments

4 years ago

US President, Biden, speaks to Russia’s Vladimir Putin on phone, raises issues of interest

43 seconds ago

Police arrest 6 Shiites in Abuja over violent protest

18 mins ago

Kwara’s pioneer Grand Khadi, Justice Orire dies at 87

34 mins ago

Wike, PANDEF hail President Buhari over appointment of new service chiefs

1 hour ago

Court orders final forfeiture of N284 million belonging to ex-governor Yari to FG

1 hour ago

Thomas Tuchel appointed as Chelsea new head coach

2 hours ago

Sanwo-Olu launches three Mobile Chest X-RAY vans for TB screening

2 hours ago

Reckless Driver killed Oshodi pedestrian not us – LASG Task Force

3 hours ago

Gov AbdulRazaq signs 2021 budget, says Kwara poised for devt

3 hours ago

Profile: Meet Nigeria’s new Service Chiefs

4 hours ago

EFCC Arrests 13-Suspected Internet Fraudsters in Ibadan

4 hours ago

70 shops damaged by fire at Alade market in Somolu, Lagos

4 hours ago
  • HOME
  • ADVERT RATE
  • Privacy Policy
  • CONTACT US
TVC News
  • Home
  • News
  • Business
  • Politics
  • Sports
  • Entertainment
  • Shows
  • Video
No Result
View All Result
Tuesday, January 26, 2021
Livestream
Advertise Here
TVC News
No Result
View All Result

Nigerian Economy: States jostle for foreign Investments

September 24, 2016
in Business, News
1 min read
Share on FacebookShare on Twitter

Image result for Recession: Nigerian States jostle for foreign InvestmentsState governments are seeking foreign investments into their economies.  The governments at an investment and financing summit highlight why their states are choice investment destinations.

Lara Afolayan reports that Nigeria’s vast natural deposits are domiciled in the states but such deposits remain largely unexplored.

This is in spite of the several calls on state governments to stop total dependence  on the federation account.

Alternative revenue sources beyond oil are gradually pushing up monthly allocations to the states at a time of economic recession.

But the states now appear determined not to leave anything to chance.

Advertisement

The Chinese authorities say their willingness to invest in Nigeria’s states and local governments is to allow for community development.

Past investments from China into  Nigeria  have seen  major utilization of Chinese manpower instead of Nigerian locals.

Investment experts at the event say the states should properly negotiate with China before signing any agreement.

The Nigerian authorities pledge total support to making the chinese investments thrive whenever they come on board.

The investment expectations from China at the forum are huge and  participants expect the investments to help bridge  Nigeria’s infrastructure gap and boost its production capacity.

Advertisement
Tags: Chinese CompaniesForeign InvestorsNigerian EconomyRecession
SendShareTweetShare

Related Posts

News

Analysis: Nigeria emerges best economy in Africa, 26th globally

3 weeks ago
Business

UK to experience worst recession in 3 centuries – Chancellor of the Exchequer

2 months ago
News

Atiku write Buhari says ‘We must exit this recession with precision’

2 months ago
Business

Investment commitment to Nigeria tumbled by $10.9bn in H1 2020

6 months ago
Business

Google to invest up to $2bn in Polish data centre

7 months ago
News

Algeria Parliament approves major reforms in oil sector

8 months ago




TVC News Nigeria

© 2020 TVC News
First with Breaking News
All Rights Reserved

Navigate Site

  • HOME
  • ADVERT RATE
  • Privacy Policy
  • CONTACT US

Follow Us

No Result
View All Result
  • Home
  • News
  • Business
  • Politics
  • Sports
  • Entertainment
  • Shows
  • Video

© 2020 TVC News
First with Breaking News
All Rights Reserved

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

quality online essay writing service