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FOREIGN DIRECT INVESTMENTS: A REVIEW FROM THE NIGERIAN PERSPECTIVE

Agwu, M.E (2014) FOREIGN DIRECT INVESTMENTS: A REVIEW FROM THE NIGERIAN PERSPECTIVE. Research Journal of Business and Management, 1 (3). pp. 318-337. ISSN 2148-­‐6689

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Abstract

As the world economy continues to become more globalized, foreign direct investment (FDI) continues to gain prominence as a form of international economic transactions and as an instrument of international economic integration. In recent years, developing countries like Nigeria with large home markets and some entrepreneurial skills have produced large numbers of rapidly growing and profitable multinational enterprises (MNEs). These MNEs are like their counterparts in other countrirs, looking for markets where they have comparative advantage to invest in. It is therefore important to create the conditions that would attract FDI from such MNEs. In this context, this study outlined the reasons why some Nigerian enterprises decide on outward FDI, their levels of success, and what other countries particularly in sub-­‐Saharan Africa must do to attract FDI from Nigeria. It also examines the flow of FDI to Africa since the 1970s and examined the determinants of FDI with a view to understanding whether the existing policy and operational framework are sufficient for attracting investments. It further discusses the factors that influence FDI, the role of FDI, FDI trends in Africa, sectorial allocation of FDI in Africa, why Africa has lagged behind in receiving FDI, and the various modes of entry. The study ends with clear recommendations for MNEs and policy makers

Item Type: Article
Uncontrolled Keywords: FDI, Globalization, MNEs, Policies, Sub-­‐ Saharan Africa
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HG Finance
Divisions: Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User: Mrs Hannah Akinwumi
Date Deposited: 03 Mar 2015 14:58
Last Modified: 03 Mar 2015 14:58
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/3655

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