Minister of Trade and Investment, Olusegun Aganga, said there was significant increase in foreign direct investment in the economy, adding that the petrochemical sub-sector attracted over $20 billion investments with over $8 billion contribution by the Dangote Group.
Aganga said the investments in petro-chemical had encouraged value addition into the oil and gas sector and generate employment.
The minister said in the last six months, the telecommunication sector had attracted over $6.9 billion dollars, noting that there had been influx of foreign investments from Brazil, Canada and Netherland, while Turkey had signed an agreement to build an industrial park in the country.
He said some of the investors have, however, been asking for increased incentives to invest in the rural areas, while some complained of skill-gaps.
Aganga decried the situation where many Nigerians were unable to take advantage of the investment opportunities in the country because of lack of access to fund.
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