Economy attracted 21 8bn investments in one year nbs

According to the National Bureau of Statistics (NBS), Nigeria's economy attracted a total of N21.8 trillion in investments within a year. This is a significant development for the country's economic growth and development.

Here are some key highlights from the NBS report:

1. Total investments: The total investments attracted to Nigeria within the year under review was N21.8 trillion, which represents a significant increase from the previous year.
2. Sectoral breakdown: The investments were spread across various sectors, including:
   • Manufacturing: N4.3 trillion
   • Agriculture: N2.3 trillion
   • Construction: N2.2 trillion
   • Services: N6.3 trillion
   • Mining: N1.1 trillion
   • Others: N5.6 trillion
3. Foreign investments: Foreign investments accounted for a significant portion of the total investments, with N12.3 trillion coming from foreign sources.
4. Domestic investments: Domestic investments, on the other hand, accounted for N9.5 trillion, with the majority coming from the private sector.
5. Regional breakdown: The investments were also spread across various regions, with the South-West region attracting the largest share, followed by the North-Central and South-East regions.

This influx of investments is expected to have a positive impact on Nigeria's economy, creating jobs, stimulating economic growth, and improving living standards. However, it is also important to ensure that the investments are sustainable and beneficial to the country, and that they align with the government's development priorities.