An Assessment of Nigerians Perception towards Chinese Foreign Direct Investments and Its Acceptability in Nigeria

Abstract

Perceptions play a critical role in international affairs. Politicians must be able to consider and forecast both challenges and opportunities. Public opinion has the power to change the course of politics. As the world becomes more interconnected, it's critical to comprehend how China is perceived and how this affects China's global effect. Although it only makes up a small part of overall Chinese OFDI, this investment class has recently drawn interest because of its sectoral and geographic diversification. Nigeria has been one of China's top 40 trading partners for more than five decades. For some time, it has been the leading African investment destination for Chinese investment in the continent. The pursuit of multilateral agreements has a significant effect on how countries engage in the political and economic realm. This study used both quantitative and qualitative methods. The study adopted simple random sampling techniques to allow for equal and unbiased respondents' participation in the primary data collection. The response scale was base on a 1 -5 points Likert scale. Secondary data was sourced from archival materials, published books or scholarly works, the internet, international organization official documents, journals, press releases, newspapers. The overall research accepts the study's alternative hypothesis, which shows that perhaps the ten outlined perceptions of Nigerians towards Chinese FDIs and its acceptability are heavily influenced by the success of FDI by Chinese investors and businesses in Nigeria's market climate. The importance and positive outcomes of such FDI are heavily reliant on Nigerian perceptions of Chinese FDI and their acceptability and the investment target region.

Rethinking China: Perceptions from Africa. A survey of Nigeria University students

“…The empirical results show that Nigerian students have positive opinions about the character of commercial relations between Nigeria and China. Contrary to critical opinions on the character of China's relations with Nigeria (and Africa in general), they do not consider Nigerian imports from China as a threat or a source of dependence for the Nigerian economy, which is also one of the critics in the literature (Imanche et al, 2021;Arabaci & Ozden, 2019). However, the students do not have a positive impression that China improved infrastructure and contributed to human capital in Nigeria.…”

“…The empirical study conducted by Imanche et al (2021) reveals that the successful performances of Chinese investors strongly influenced Nigerians' positive perception of China's FDI and its acceptability in Nigeria. Oke et al (2019) empirically studied Nigerian businesspersons' perceptions of China and Nigeria's trade balance.…”

Examine the Economic and Social Effects on Lao People’s Perceived Benefit Attitudes towards BRI

“…The statements for the awareness construct were adopted from Zuo et al [65]. The items for the FDI construct were developed from Imanche et al [66]. Tourism and living standards constructs were measured by the items modified from Mamirkulova et al [67].…”