$50bn investment announcements are not cash in hand — FG

By Juliet Umeh
The Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, has clarified that the $50 billion often cited as investment attracted to Nigeria represents announcements, with the Federal Government still working to turn the commitments into factories, businesses and jobs.
Speaking on Arise Television, Oduwole was asked what percentage of the sum had been invested and which sectors had benefited. She did not provide a percentage but drew a distinction between announced commitments and projects already under way.
She said, “As of January 2025, Mr President’s international visits and investment promotion had yielded about $50 billion in investment announcements.
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