THE Nigerian government expects an inflow of foreign investment of over $100bn over the next 12 months, says President Olusegun Obasanjo’s office. Since Nigeria returned to civilian rule last year, more than $20bn has been invested in the oil and gas sector, and it is expected that foreign direct investment in the next 12 months will exceed $100bn in sectors including power generation, transportation, infrastructural development, primary industries, banking and finance and agriculture. Brazilian oil group Petrobras said this week it would invest more than $1bn in developing two Nigerian off-shore oil fields if it wins licences.- AFP