Investment Announcements in Nigeria Jan-Mar 2019 Report
This report summarizes investment announcements cited in the NIPC Intelligence Newsletters from January to March 2019 in Nigeria. It covers sectors, destination countries, sources of investments, and comparisons between 2018 and 2019 Q1.
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REPORT OF INVESTMENT ANNOUNCEMENTS IN NIGERIA* JANUARY MARCH 2019 DEPARTMENT OF STRATEGIC COMMUNICATIONS MAY 2019 * This Report is based only on investment announcements cited in the NIPC Intelligence Newsletters published from January to March 2019. It may not contain exhaustive information on all investment announcements in Nigeria during the period. NIPC did not independently verify the authenticity of the announcements. Sectoral grouping is based on International Standard Industrial Classification of All Economic Activities (ISIC) Rev.4.
Investment announcements, Q1 2019 By destination By source By sector 24 projects across 8 States + Off-shore US$12.71 bn US$12.71bn US$12.71bn Mining & Quarrying Netherlands US$10.0bn 78.7% Offshore US$10.9bn 86% US$10.9bn 85.8% Morocco US$1.5bn 11.8% Lagos US$0.26bn 2.0% Manufacturing US$1.53bn 12.1% Information & Communication Malaysia US$0.9bn 7.1% Ogun US$0.01bn 0.1% US$0.12bn 0.9% Finance & Insurance Nigeria US$0.1bn 0.9% Kaduna US$0.01bn 0.1% US$0.08bn 0.6% Others US$0.2bn 1.6% Others US$12.4bn 12% Others US$0.08bn 0.6% 1
Investment announcements, 2018 Investor Source Netherlands Destination Sector Mining & Quarrying US$ bn Reported Royal Dutch Shell Plc Offshore 10.00 February Enugu, Kaduna and Ogun Offshore OCP Group Morocco Manufacturing 1.50 March Yinson Holdings Bhd Malaysia Mining & Quarrying 0.90 March Generation Investment Management The Arab Bank for Economic Development in Africa (BADEA) GTEXT Global UK Lagos Information & Communication Finance & Insurance 0.10 January Sudan Lagos 0.07 February Nigeria Lagos, Ogun Real Estate 0.03 February Lagos Axxela Nigeria Electricity, Gas, Steam & Air Conditioning Supply Information & Communication Manufacturing 0.03 March Lagos Watt Renewable Corporation Canada 0.02 March AGL and Vectis Nigeria Lagos 0.01 January Abraaj Group UAE Lagos Transportation & Storage 0.01 January 12.67 Top 10 announcements 2
Investment announcements, 2018 vs 2019 Q1 2018 by source Q1 2019 by source France Netherlands 54% 78.7% UK Morocco 30% 11.8% US$ billion US$ billion 7% 7.1% USA Malaysia Nigeria Nigeria 4% 0.9% China UK 2% 0.8% Others Others 2% 0.8% Total 29.55 Total 12.71 Q1 2019 by destination Q1 2018 by destination Offshore Rivers 86% 54% Lagos Ogun 2% 4% US$ billion Ogun Niger 0.1% 3% US$ billion Kaduna Delta 0.1% 2% Rivers 0% Kano 1% Others Others 12% 37% Total Total 12.71 29.55 3
Investment announcements, 2018 vs 2019 Q1 2018 by sector Q1 2019 by sector M&Q 85.8% M&Q 86.4% Man. 12.1% Trans. & Stor. 6.9% US$ billion US$ billion I&C 0.9% Electricity 4.0% Fin. & Ins. 0.6% Real Estate 2.2% Electricity 0.3% Man. 0.42% Others 0.4% Others 0.1% Total 12.71 Total 29.55 Q1 2019 top 5 announcements Q1 2018 top 5 announcements Royal Dutch Shell Plc 78.7% Total 54.1% OCP Group Royal Dutch Shell Plc 11.8% 30.5% US$12.71 billion US$29.55 billion GE Yinson Holdings Bhd 6.8% 7.1% Generation Invest. Management Hydropolis Nigeria Limited 2.2% 7.9% CEECL/SIEPL 1.9% BADEA 0.5% M&Q = Mining & Quarrying, Man = Manufacturing, Fin & Ins = Financial & Insurance, I&C = Information & Communication, Electricity = Electricity, Gas, Steam & Air Conditioning Supply, Trans & Stor. = Transportation & Storage, GE = General Electric; CEECL/SIEPL = China Energy Engineering Corporation Ltd/Sagamu Independent Electricity Plant Ltd., BADEA =The Arab Bank for Economic Development in Africa 4
For further details, please contact us Department of Strategic Communications stratcom@nipc.gov.ng NIGERIAN INVESTMENT PROMOTION COMMISSION Plot 1181 Aguiyi Ironsi Street Maitama District Abuja, Nigeria Subscribe to the NIPC Newsletter http://eepurl.com/dkvoU1 www.nipc.gov.ng 20190515 5
