FOREIGN DIRECT INVESTMENTS: A REVIEW FROM THE NIGERIAN PERSPECTIVE
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Abstract
Description
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
Keywords
H Social Sciences (General), HG Finance