Nigeria attracts $13.6bn inflow @ Africa Investment Forum 2024
Nigeria’s economy is on the crest of a huge rebound following an inflow of $13.6bn worth of investment which accrued to the country during the Africa Investment Forum 2024, which took place in Rabat, Morocco.
This year’s forum, themed “Leveraging Innovative Partnerships for Scale,” served as a platform to showcase transformative projects aimed at accelerating socio-economic development across the continent, a press release by federal ministry of industry, trade and investment disclosed.
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According to the statement, “A major highlight was the Presidential Investment Board Room for Nigeria, where investment projects worth $13.6 billion were unveiled, including a
$975 million Special Agro-Industrial Processing Zones (SAPZ) Phase 2 project, spanning 28 states of Nigeria.”
During the event, the minister of state for industry, trade and investment, Senator John Owan Enoh who represented President Bola Ahmed Tinubu emphasized Nigeria’s commitment to fostering sustainable development and innovative partnerships.
“Nigeria remains resolute in its efforts to drive investment and economic growth, ensuring that transformative projects deliver lasting impacts for millions of citizens,” he said.
Organized by the African Development Bank Group and its eight founding partners, the Africa investment Forum is recognized as the continent’s premier investment marketplace.
It offers a unique platform for public-private partnerships and financial collaborations, enabling impactful deals to reach financial closure.
This year’s event brought together an influential group of stakeholders, including Heads of State, leaders of development finance institutions, investors, and policymakers, to discuss Africa’s investment potential
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