The Minister of Finance, Budget and National Planning, Zainab Ahmed says foreign investments inflows into Nigeria scaled to 14 billion dollars in half year 2019, indicating improvement in investors’ confidence, She said Nigeria needed a lot of resources to actualize the Economic Recovery and Growth Plan, ERGP and other development plans, which were at risk of being underfunded.
The Minister announced this while speaking on a panel tagged “Strengthening Domestic Revenue Mobilization” at the ongoing 2019 World Bank/IMF meetings in Washington DC, USA.
Zainab said the total value of capital imported into Nigeria increased from 12 billion dollars in the first half year of 2018 to about 14 billion dollars for the same period in 2019.
She noted that the infrastructure master plan needs about three trillion dollars over the next 30-years to sufficiently address our infrastructure deficit.
