Interrogating investment promotion, practice | The Guardian Nigeria News - Nigeria and World News

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“No Nigerian university is currently running Investment Promotion as a specialised course of study.” NIPC NigerianUniversities InvestmentPromotion Education

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.

 

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