The competition for FDI has also become very fierce, with countries becoming more desperate and aggressive for FDI.
Given the title of this book, A Case Study of Investment Promotion and Practice in Nigeria, it presupposes that there is a global theoretical framework on investment promotion and practice that is scientific, international and universal yet as adjusted in the book: “no designed menu of solutions that fits all countries and sectors of the economy” — Hence, a ‘case study’ of Nigeria’s experience with Investment promotion.
The book reminds its readers that NIPC came into being in 1999 as a result of the enabling legal framework; NIPC Act of 1995 presented in chapter one. The NIPC law, as reported in the book under review was a major reform initiative by Nigerian government which fully liberalized the Nigerian economy and opened it up for foreign investors. The law also protects foreign investments against nationalization and expropriation.
Chapter 9 looks at activities of States as they are being coordinated and streamlined at the Federal level to create the necessary synergy and build nation-wide consensus on investment/investor handling. Afterall, every investment is ultimately located in a particular State, Local Government and Community.