Investor appetite in ITC, a recovery?
Capital Importation (US$ Thousand)

Capital Importation (US$ Thousand)

Prioritizing ITC?
Budgetary Allocation (Billion ₦)

Budgetary Allocation (Billion ₦)

Capital Importation:  Given the positive outlook on the ITC sector in the past few years, investments in the sector reached a 10-year peak in 2014. However, the foreign investment fell marginally in 2015 but show resurgence in 2016 possibly indicating investors’ rising appetite in the ITC sector. 

Budgetary Allocation: Budgetary allocation for the sector increased significantly in 2016, signalling government interest in boosting ITC sector performance. Capital expenditure championed budget allocations in the sector, while recurrent spending recorded a slight decline.

 

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