Abstract
Infrastructural Development as a Means of Attracting Foreign Direct Investment for Economic Development in Nigeria
Highlights
1.1 Background of the StudyDeveloping infrastructure is a key issue in the development of any nation
The inflow of foreign capital is assumed to be beneficial to the receiving or host country in the sense that it contributes to local capital, managerial expertise and technological improvement
Africa, as a region, has not benefited from the Foreign Direct Investment (FDI) boom since the volume of FDI inflows to the continent is low as a share of global FDI but is on a downward trend for the last three decades as the above figures show (Denisia, 2010, Sichei & Kinyondo, 2012). They observe that FDI inflows to Africa have been to countries that are classified by the World Bank as oil and mineral dependent including South Africa, Angola, Nigeria, Equatorial Guinea, and Egypt, among others
Summary
Developing infrastructure is a key issue in the development of any nation. This is because that it makes life easier by adding to the quality of life people live and because it enables seamless performance of business/economic activities, which further increase the peoples living standard. Africa, as a region, has not benefited from the FDI boom since the volume of FDI inflows to the continent is low as a share of global FDI but is on a downward trend for the last three decades as the above figures show (Denisia, 2010, Sichei & Kinyondo, 2012) They observe that FDI inflows to Africa have been to countries that are classified by the World Bank as oil and mineral dependent including South Africa, Angola, Nigeria, Equatorial Guinea, and Egypt, among others. This phenomenon raises the questions as to whether Africa has been attracting one (asset- or resource-seeking) form of FDI or not. This cannot be wished away in Africa with a lot of other impediments to development
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
