Ayo Akinfe
Foreign direct investment (FDI) figures
(1) US -$4bn
(2) UK – $2bn
(3) Hong Kong – $1.9bn
(4) China – $1.5bn
(5) Ireland – $1.47bn
(6) Brazil – $778.5m
(7) Mexico – $500m
(8) India – $367.5m
(9) Vietnam – $318.7m
(10) South Africa – $139.2m
For Nigeria, the annual FDI figure was $118m. Given that we do not have a thriving domestic bourgeoisie who can fill the vacuum, how are we going to manage?
When I look at Dangote’s $20bn investment in that Lekki oil refinery, I keep asking how can Nigeria attract that kind of FDI on an annual basis. We need it if we are to diversify our economy and get out of this rut!
