Foreign Direct Investment for Construction: The Scope Under Sino-African Relations

Abstract

Over the years, China has taken a decisive lead in partnering with Africa, especially in the construction industry. This study explores the scope of Sino-Africa relations in the Nigerian construction industry. In line with a descriptive nature, data was obtained from building professionals within Nigeria by means of a survey and analysed quantitatively using multivariate analysis. The study found that China’s involvement in the Nigerian construction industry executes project in four main categories viz land transportation; public facilities; water transportation; and building construction. It was established that China is an essential player in the Nigerian construction industry especially in infrastructure development. Hence there is a need to redefine the Sino-African partnership to focus on local capacity development while delivering optimum infrastructural development in African countries.