Nigeria Expecting $1.2bn Investment Soon, Says Edun

Wale Edun, the minister of finance and coordinating minister of the economy, has hinted that the country is expecting $1.2 billion investment.

He made this known while speaking as a panellist at the launch of the Nigeria Development Update in Abuja recently.

“On Saturday I sat down with a major investor who produces finished goods from raw materials,” he said.

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“He said he’s coming in with 1.2 billion dollars of investment. He wants access to the 9% funding.

“We have Jamie Dimon, the CEO of JPMorgan Chase. They don’t come any more elite than that. And he talked about looking at what we could do in Nigeria and the message he’s going back with is a very positive one.

“That’s big. It’s a big deal in terms of when major investors come and see and advocate that you get others coming.”

Edun added that the current administration is committed to keeping the economy stable, reining in inflation, and ensuring an increase in productivity and growth as well as reducing poverty.