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EFFECTS OF ETHNIC MILITIA ACTIVITES ON FOREIGN DIRECT INVESTMENT IN NIGERIA (2004-2016)

Ujomu, R. A. and Folarin, S. F. (2017) EFFECTS OF ETHNIC MILITIA ACTIVITES ON FOREIGN DIRECT INVESTMENT IN NIGERIA (2004-2016). In: CUCEN 2017, Covenant University, Ota.

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Abstract

The coming together of peoples divided along socio-political and ideological lines gave birth to the Nigerian state besieged with several socio-economic and political problems. The objective of the paper is to assess the effects of ethnic militia activities on Foreign Direct Investment in Nigeria. Foreign direct investment occurs when foreigner along with local investors to establish a place in another country. This paper adopts the ex post facto research design which relies on secondary data from journals, newspaper, internet and books. The findings are that the emergence of ethnic militia groups and their activities has placed a fluctuation on foreign direct investment percentages over the years and put a strain on Nigeria's overall growth, development and presence in the economic world platform. It is against this backdrop the paper draws conclusions that ethnic militia activities have specific negative effects on Nigeria’s Foreign Direct investment with investors scared of coming into the country to invest and those who have invested over time fleeing due to fears on insecurity. The paper recommends that the government should place more attractive incentives which would lure investors into the country and also ensure insecurity is tackled for a swift economic boom.

Item Type: Conference or Workshop Item (Paper)
Subjects: J Political Science > JA Political science (General)
Divisions: Faculty of Law, Arts and Social Sciences > School of Humanities
Depositing User: Mr Adewole Adewumi
Date Deposited: 05 Mar 2018 19:39
Last Modified: 05 Mar 2018 19:39
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/10343

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