Vunderkind
Social Member
Bloomberg reports that Nigeria is expecting more than $80 billion worth of investments in the next five years to boost the industrial development of the country.
This was revealed by Nigeria’s Trade and Investment Minister, Olusegun Aganga. Chinese company China Power International Development Ltd., Siemens AG and General Electric Co. as well as Brazil’s Centrais Eletricas Brasileiras SA have all pledged to invest to the tune of “over $50 billion alone” in Nigeria’s power industry, Aganga said in Davos, Switzerland at the World Economic Forum. Ethe additional funding will come from Dangote Group, and auto companies that want to set up local assembly plants.
Aganga also added that the government is encouraging local companies to become “Another Dangote” noting that there were opportunities available for them to take advantage of.
This was revealed by Nigeria’s Trade and Investment Minister, Olusegun Aganga. Chinese company China Power International Development Ltd., Siemens AG and General Electric Co. as well as Brazil’s Centrais Eletricas Brasileiras SA have all pledged to invest to the tune of “over $50 billion alone” in Nigeria’s power industry, Aganga said in Davos, Switzerland at the World Economic Forum. Ethe additional funding will come from Dangote Group, and auto companies that want to set up local assembly plants.
Aganga also added that the government is encouraging local companies to become “Another Dangote” noting that there were opportunities available for them to take advantage of.
