Foreign Investment in Nigeria: Surmounting the Challenges of Domestic Environment through Review of Laws/Policies

Abstract

Foreign Direct Investment (FDI) is one of the critical source of capital inflow into a country. Portfolio investment, foreign loans and trade credits are other sources of FDI. The cumulative effect of the agreements entered by Nigeria with the international body are the instruments/documents recognized by law which is a demonstration of Nigeria’s efforts and preparedness to attract and protect foreign investment. In spite of the effort, there still continues to be a very slow and low inflow of foreign investment to Nigeria. Resolving these impediments is the aim of this paper and it recommends among others that government should imbibe the spirit of genuine attitudinal and policy change that would create enabling environment for Nigerians and foreign investors to thrive.