Nigeria Attracts $1.3bn US Investment

United States of America’s companies operating in Nigeria invested $1.3bn in the economy in 2017, a survey by the American Business Council has shown.

The investment, according to the council, generated over N2.6tn revenue for the 74 American companies that participated in the survey.

These are contained in the economic survey of the impact of the US companies in Nigeria, which was unveiled by the ABC in Lagos on Wednesday. 

According to the report, the total tax contribution of the American companies to the Nigerian economy in 2017 was over N111bn. 

While presenting the findings of the survey, the Vice-President, ABC, Daniel McGraw, stated that this was a clear indication that the US businesses were committed to contributing to the Nigerian economy by uplifting its people, increasing investment and facilitating trade. 

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