Trade and Investment

THE BENEFIT OF FOREIGN INVESTMENT

Foreign investment is integral to the Nigerian economy. As an open, well-regulated economy with a highly skilled workforce, Nigeria enjoys an international reputation for innovation. To make the most of these advantages, Nigeria uses international capital to supplement domestic savings.

Foreign investment helps Nigeria reach its economic potential by providing capital to finance new industries and enhance existing industries, boosting infrastructure and productivity and creating employment opportunities in the process.

The higher growth supported by foreign investment pays dividends for all Nigerians by increasing tax revenues to the federal and state governments.

Foreign investment has other benefits beyond injecting new capital. By bringing in new businesses with connections in different markets, it opens up additional export opportunities, boosting our overall export performance. It also encourages competition and increased innovation by bringing new technologies and services to the Nigerian market.