Nigeria, Feb. 23 -- The total value of investments in Nigeria reduced by about 204 per cent in 2019 compared to 2018, the Nigeria Investment Promotion Commission (NIPC) has said.

The commission said the total value of the investments in 2019 is $29.91 billion compared to $90.89 billion in 2018.

It said it tracked no fewer than 76 new projects coming to Nigeria as investment announcements for 2019.

The new projects valued at about $29.91 billion were contained in NIPC's intelligence publication.

The 76 projects were announced across 17 states of the federation, the Federal Capital Territory and Offshore Nigeria.

The significant difference with the previous year's valuation, the NIPC said, was attributed to the uncertainty in the econo...