Video: Nigeria Has Africa’s Highest Rate Of Investment Returns – Aganga

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The Minister of Trade and Investment Olusegun Aganga has stated that Nigeria is in a unique position with the highest rate of returns on investment in Africa.

This he claims was made possible because the nation’s macro-economic stability is much stronger than most developing countries in Africa and this in 2012 made Nigeria become the highest destination for investment in Africa, attracting investment of about $8.6billion, with an increase of about 46 percent growth and investment.

Speaking on Channels Television’s Business Morning, the Minister explained that according to the Central Bank of Nigeria’s (CBN) result, the total foreign investments in Nigeria as at 2012 is in excess of $16billion, compared to $7.9billion in 2011.

FG Plans To Create 5m Jobs By 2015 – Aganga

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Dr Olusegun Aganga, the Minister of Industry, Trade and Investment, on Thursday said that the Federal Government was working to create at least five million jobs by 2015. Aganga, who stated this in Ibadan at the opening of the 6th National Council on Industry, Trade and Investment (NCITI-06), said it would be achieved with industrialisation of the country.

According to him, the economic transformation of the country requires the support and contributions of every Nigerian.The Minister said the nation had in recent times became the number one investment destination in Africa, saying the country had grown by seven per cent in the last 14 years.

Nigeria: Aganga Charges ITF to Ensure Nigeria's Industrialisation Before End of Jonathan's Tenure

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The Minister of Trade and Investment, Olusegun Aganga, has challenged the Industrial Training Fund, ITF, to ensure that the Nigerian economy is fully industrialized before the end of President Goodluck Jonathan's administration.

Mr. Aganga issued the challenge on Friday in Jos, during the Industrial Training Fund's annual review and official commissioning of the organisation's centre.

The minister, while emphasizing on the relevance of the ITF, to Nigeria's economic development, urged the Fund to develop more manpower to improve the country's economic fortune.