
$2.6bn FDI Was Attracted To Nigeria In 2020 – UNCTAD
Nigeria has emerged as the second preferred investment destination in Africa, only second to Egypt, after attracting $2.6 billion Foreign Direct Investment (FDI) in 2020, this is according to data obtained from the United Nations Conference on Trade and Development (UNCTAD).
UNCTAD, in its 11-page ‘Investment Trends Monitor,’ which focused on global FDI flows, however, stated that inflows to Nigeria in 2020 declined to $2.6 billion, lower than the $3.3 billion the country recorded in 2019.
Egypt was the top recipient of FDI, despite a significant decline in inflows (-39%), to an estimated $5.5 billion recorded …















