The Minister of Finance, Wale Edun, has said that Nigeria secured a $7 billion Foreign Direct investment to boost the country’s oil and gas sector.
Edun disclosed this on Sunday, during an interview with Channels Television.
“In terms of figures, 7 billion dollars is estimated to come in from the oil sector with another major improvement in the economic environment, the national single window project, which is an e-community and trade facilitation platform that will revolutionize what goes on at the ports,” he said.
Meanwhile, in the last year, several multinationals include Kimberly-Clark, Procter and Gamble (P&G), GlaxoSmithKline (GSK), Unilever, Sanofi-Aventi Nigeria, manufactures of Huggies and Kotex brands of diapers, Kimberly-Clark, announced exit from Nigeria over harsh economic realities.
However, Edun has explained that Multinationals exiting Nigeria do not have a liquid foreign exchange market.
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