International Finance Corporation, (IFC) said it has invested 25%, about ₦60 billion of its 2012 total investment in Nigeria on infrastructure.
The Vice President, Sub-Saharan Africa, Latin America and the Caribbean, Jean Philippe Prosper said the infrastructure and natural resources sector got 25%, about ₦60billion, while manufacturing and agribusiness got 25%, the financial markets got ₦120billion about 50% of the total investments, in Lagos while interacting with news men during his visit to Nigeria.
A group of vibrant Nigerians, passionate about creating and being ‘the change’ that the nation requires, has launched the Organisation for Truthful Rebirth (OTR), a non-profit making movement, to champion its cause.
At the launch of the organisation, which held at the Protea Hotel, Ikeja, Lagos, on Saturday, August 17, 2013, Eben Akinyemi, the Convener of OTR, said the establishment of the organisation was necessary because Nigeria needs ‘a voice’ for doing things right.
SPEECH DELIVERED BY EBEN AKINYEMI, THE CONVENER OF ORGANISATION FOR TRUTHFUL REBIRTH (OTR), AT A MEDIA PARLEY, HELD AT PROTEA HOTEL, MARYLAND, IKEJA, ON AUGUST 14, 2013.
It is a great privilege to welcome you here today. The purpose of this media parley is to introduce to you, an organisation that is ready to create the new Nigeria we all desire.
The World Bank and West African Institute for Financial and Economic Management (WAIFEM) have announced collaboration between them, which may result in measures that will help keep Nigeria’s local and foreign debt within sustainable levels.
The Debt Management Office (DMO) statistics reveal that the country currently owes local and international creditors a total of $50.91billion (about ₦7.93trillion). As at June 2013, the nation’s external debt stood at $6.92billion (about ₦1.08trillion), while the domestic debt component stood at ₦6.85trillion ($43.99billion).