Foreign Direct Investment: A Look at Nigeria 2009-2019

Abstract

This study examined efforts of the Nigerian Government between 2009 and 2019 to boost foreign direct investment (FDI) with diversification from crude oil as outlined in the Investment Policy Review (IPR) report submitted by United Nations Conference on Trade and Development (UNCTAD) in 2008. The study adopted a conceptual approach anchored on the Dutch Disease model and Resource curse theory. Relying on secondary data, study showed that Nigeria has not attracted FDI commensurate with its potentials despite efforts and plans. This study recommends expedition of action by the Nigerian Government and all stakeholders in setting up the manufacturing sector for FDI inflows.