Nigeria is looking to regain what it has lost to briefcase (foreign portfolio) investors who are exiting the market because of higher interest rates in the United States.  

About 15 countries are being expected to make direct investments in Nigeria.

Some of these include: United States, United Kingdom, Thailand, Brazil, South Africa, France, Germany, Spain, Indonesia and China.

This agenda is being promoted by the Nigeria Investment Gateway, NIG in conjunction with the Infrastructure Concession Regulatory Commission and the National Office for Technology Acquisition and Promotion.

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Speaking at an international symposium in Abuja, which focused on investments in the country and had heads of various government agencies in attendance, the Chairman, NIG, a UK-based firm engaged in promoting Nigeria as an investment destination, Chidi Umeano, said some of the countries were being asked to come and set up factories in Nigeria.

He said, “We are targeting 15 countries that we currently do business with the most, both in terms of import and export, such as the United States, the UK, Thailand, Brazil, South Africa, France, Germany, Spain, Indonesia and China.

“We are using this forum to invite them to come into Nigeria to set up factories. We are asking them to come in and transfer their knowledge to Nigerians. We also want them to come in and show us what they are doing to boost our economy, as thousands of jobs will be created.”

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