Nigeria has been ranked the third-largest recipient of foreign direct investment in Africa, data from Ernst & Young has shown.
The EY Africa Attractiveness Survey 2019 Report, which was launched in Lagos on Wednesday, showed that FDI inflow into Nigeria stood at $8bn in 2018.
Egypt was the largest recipient of FDI in 2018 at $12bn, while Algeria was second largest at $9bn. The data showed that the $8bn invested in Nigeria was in 85 projects, which created 10,000 jobs…
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