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Foreign Direct Investment as Alternative Financial Measure for Africa Development A Case of Nigeria.

Authors: OSUNDINA Olasunkanmi

Publication Type: Journal article

Journal: Iosr Journal Of Economics And Finance

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Abstract

The growing recognition of Foreign Direct Investment (FDI) as an instrument of economic development has reached a high pitch. This is because many countries and especially developing countries see FDI as an alternative financial measure to fill revenue-generation gap of government in achieving economic development. This paper provides a content review analysis of the foreign direct investment development in Africa with particular reference to Nigeria. The findings of this review suggested that the degree to which foreign direct investment helps or hurts a developing country will be heavily influenced by the policy choice of the host country. Therefore, it is recommended that for Nigeria to attract the desired level of FDI, it must have strong based institutions that promote justice, adherence to regulatory framework, and safe haven for congenial business environment. There must be political stability to encourage inflow of capital flight in diaspora and concerted effort to develop infrastructure.

Key words: Foreign Direct Investment, Economic Development, Policy-based, Nigeria

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OSUNDINA,O. . (2014). Foreign Direct Investment as Alternative Financial Measure for Africa Development A Case of Nigeria., 5 (), 73-73.

OSUNDINA,O. . "Foreign Direct Investment as Alternative Financial Measure for Africa Development A Case of Nigeria." 5, no (), (2014): 73-73.

OSUNDINA,O. and . (2014). Foreign Direct Investment as Alternative Financial Measure for Africa Development A Case of Nigeria., 5 (), pp73-73.

OSUNDINAO, . Foreign Direct Investment as Alternative Financial Measure for Africa Development A Case of Nigeria.. 2014, 5 ():73-73.

OSUNDINA,Olasunkanmi , . "Foreign Direct Investment as Alternative Financial Measure for Africa Development A Case of Nigeria.", 5 . (2014) : 73-73.

O.Olasunkanmi , "Foreign Direct Investment as Alternative Financial Measure for Africa Development A Case of Nigeria." vol.5, no., pp. 73-73, 2014.

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