**Investment in Nigeria tops African major economies of South Africa, Ghana $3.295 and Egypt put together.
A new Foreign Direct Investment (FDI) report released by the United Nations Conference on Trade and Development (UNCTAD) yesterday has put Nigeria’s FDI inflows ahead of other African countries.
The UNCTAD World Investment Report 2013 subtitled: “Global Value Chains: Investment and Trade for Development,” disclosed that Nigeria retained its position as Africa’s number one destination for FDIs for the second time in two years with FDI inflows of $7.03 billion in 2012. This, it observed, was in spite of the fact that FDI inflows into the country actually fell from $8.9 billion in 2011 to $7 billion last year.
