Nigeria Raked In N28trn From Private Sector Investments In 4 Years – FG

Nigeria Raked In N28trn From Private Sector Investments In 4 Years – FG

The federal government said yesterday that the country’s economy reaped over N28trillion from private sector investments between 2010 and 2013.

Minister of information, Mr Labaran Maku who disclosed this while briefing State House correspondents after the Federal Executive Council (FEC) meeting said the figure represented more than 100 per cent above the N13trillion private sector investments that were initially targetted by the federal government in 2010.

Noting that the statistics is contained in the preliminary report on the first National Implementation Plan of the Vision 20:2020 being reviewed by the council, Maku added that the report was presented to FEC for review by the supervising minister of national planning, Mr Bashir Yuguda.

The minister said, “The report is very rich; it shows very clearly that the president has achieved significantly the goals set out in the first national implementation plan. One of the highlights of what we saw today was that under this period, because of the president’s reforms that were encapsulated in the take-off of the first national implementation plan, we overshot by more than 100 per cent the inflow of private sector investments in the economy.

“We targetted that we needed N13trillion investments by the private sector to be able to reach our goals in the first plan. But the initial report we saw today was that the private sector actually invested over N28trillion in the economy in the period between 2010 and 2013, which was over 100 per cent above the initial target of N13trillion