Investors to inject $14bn into Nigerian economy


International investors, under the aegis of Greenstone Capital International Africa and Tacnero Global, have announced the approval of $14 billion for Nigeria out of the $200 billion that would be injected into five African countries.

The money is to be warehoused in Standard Chartered and two other Nigerian banks for immediate project execution in Nigeria. The group legal adviser, Greg Anumenechi, who made this known in a statement said the investors were still committed to strategic sectors of the country economy including sectors like Agriculture, Aviation, Medicals, Solid Minerals, Marine, Power and Petroleum.

The investment tagged AMPLE, will be extended into real estate, Industries, Information Technology, Parks, Education and the expansion of Nigeria version of Silicon Valley. Other African countries to benefit are Ghana, Democratic Republic of Congo, Somalia and South Africa.

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