COMMERCE & INDUSTRY.

 

 ECONOMY
•Statistics show that Nigeria has become the favoured destination of investors coming into Africa recording the highest investment of $8.4billion (around 930 billion). Government’s target is to attract $20 billion worth of foreign investments in three years.
•The Jonathan administration’s handling of the economy led to JP Morgan Chase the reputable American investment and Securities Company to list Nigeria on its Government Bond Index-Emerging Markets (GBI-EM). It is the second African company after South Africa to be listed. This inclusion of Nigerian bonds could mean an ‘inflow of at least $1.5 million of inflow into Nigeria’s bond market’. The listing will also improve the profile of Nigeria’s debt market.
•The Jonathan administration has in less than two years put Nigeria on the path of economic recovery. In 2011 for instance the Nigerian economy following International Monetary Fund (IMF) forecast, Nigeria was expected to witness 5.9 percent GDP growth but figures from the Federal Bureau of Statistics in Nigeria showed that by third quarter of 2011 the GDP growth stood at 7.3 percent.