Privatization And Foreign Investments In Nigeria PDF Download
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Author | : Lawrence Okechukwu Azubuike |
Publisher | : Universal-Publishers |
Total Pages | : 275 |
Release | : 2009 |
Genre | : Business & Economics |
ISBN | : 1599425009 |
Download Privatization and Foreign Investments in Nigeria Book in PDF, ePub and Kindle
Nigeria's political economy has straddled the ideological divide between socialism and capitalism. The country produces oil, and at some point in its existence, it embarked on robust state involvement in the economy. This was marked by the acquisition, or establishment, of numerous state enterprises. Over the years, the performance of these enterprises was found to be dismal, and as part of the overall reform of the economy, Nigeria has joined the global trend toward reduction in direct state ownership of enterprises. Indeed, it has embarked on massive divestment of state interests in once publicly owned firms. Besides the universal rationale of efficiency, one of the objectives of the privatization exercise in Nigeria is the attraction and retention of foreign investments. This work examines the direct and indirect linkage between the government's divestiture of its interests in firms, on the one hand, and foreign investments in the country, on the other hand. The book is divided into seven chapters. Chapter 1 reviews the political and economic history of Nigeria, to set the background and context that necessitated the introduction of the reform package of which privatization is just an aspect. Chapter 2 is a discussion of various natures of state involvement in an economy. This ranges from mere regulation to active participation. The chapter discusses the competing conceptual and ideological theories and tries to situate the Nigerian experience within the broader conceptual dichotomies of capitalism, socialism and the via media of mixed economy. Chapter 3 is an examination of the meaning and rationales for privatization of state owned enterprises generally and the Nigerian attempts in particular. Nigeria's privatization program is an ongoing exercise. Yet two distinct attempts are identifiable: one which started in 1988 and the reinvigoration of the exercise, albeit with new constitutive frameworks, in 1999. Thus, Chapters 4 and 5 review the legal and institutional frameworks for these two exercises. Chapter 6 deals with foreign investments in Nigeria. The discussion encapsulates the pros and cons of foreign investments, especially in Nigeria. Chapter 7 explores the direct and indirect linkages between the privatization program in Nigeria and foreign investments in the country. This is particularly apposite because one of the touted objectives of the privatization exercise is the attraction of foreign investments. A conclusion follows. The work finds that although foreign investments appear to have been indirectly boosted by the privatization exercise, foreign investors initially did not show interest in direct acquisition of the shares and other interests being relinquished by the government, but that that attitude has been changing gradually.
Author | : Carl Mabbs-Zeno |
Publisher | : |
Total Pages | : 20 |
Release | : 1986 |
Genre | : Agriculture and state |
ISBN | : |
Download Private Foreign Investment in Nigerian Agriculture Book in PDF, ePub and Kindle
Author | : Carl Mabbs-Zeno |
Publisher | : |
Total Pages | : 24 |
Release | : 1986 |
Genre | : Agriculture and state |
ISBN | : |
Download Private Foreign Investment in Nigerian Agriculture Book in PDF, ePub and Kindle
Author | : Rexford A. Ahene |
Publisher | : Praeger |
Total Pages | : 272 |
Release | : 1992-05-21 |
Genre | : Business & Economics |
ISBN | : |
Download Privatization and Investment in Sub-Saharan Africa Book in PDF, ePub and Kindle
This contributed volume examines development efforts in sub-Saharan Africa and the role privatization and foreign investment can play. The focus is on African and international capital mobility and recent experience in private investment in contemporary African states. While government in Africa continues to have a hand in economic and political matters, private enterprise, private investment, and market forces are becoming increasingly active. The volume reveals these new directions in development practice in Africa and analyzes the difficulties which government, while well-intended, has created in the past. Contributors from the United States and Africa pose questions and examine scenarios for investment in sub-Saharan Africa. And while no single strategy is agreed upon, they provide overwhelming evidence that it has been the failure of prior central policies which has held these nations back, and that hope for the 1990's lies in the unleashing of the private sector. This work will be of interest to scholars and policy-makers in development economics, international trade and finance, and African studies.
Author | : Abu Nurudeen |
Publisher | : |
Total Pages | : |
Release | : 2014 |
Genre | : |
ISBN | : |
Download Determinants of Foreign Direct Investment Book in PDF, ePub and Kindle
This paper examines the major determinants of Foreign Direct Investment (FDI) in Nigeria, analyzing the annual data over the period 1970-2008, using the ordinary least squares and error correction techniques. The regression results indicate that openness of the economy to trade (OP), privatization (PR), the level of infrastructural development (FR), and exchange rate depreciation (EXC) have significant positive effect on FDI inflows into Nigeria. In addition, the results reveal that the host country's market size (GDP) has a significant negative effect on FDI, while inflation (IF) has an insignificant (but positive) influence on FDI inflows. Thus, the paper recommends the following: Firstly, government should employ policies to further open up the economy in a manner that the economy will be able to attract more FDI. Secondly, government should increase its investment in the development of the nation's infrastructure (power supply, roads, telecommunication, etc.) in order to reduce the cost of doing business thereby wooing more FDI. Thirdly, government should encourage production activity via production incentives and/or subsidies in order to increase the economy's GDP. Fourthly, the economy should be ready to accommodate further depreciation of the domestic currency (Naira) so as to encourage the inflows of FDI in the form of merger and/or acquisition. Furthermore, privatization should be done in a manner that is transparent, and all necessary and relevant information regarding the process should be made available to both existing and prospective investors. In addition, there is a need for an efficient and effective judicial system and crime fighting mechanism so as to assure foreign investors the safety of their investment.
Author | : M. O. Kayode |
Publisher | : |
Total Pages | : 48 |
Release | : 2002 |
Genre | : Corporations, Foreign |
ISBN | : |
Download Attracting Foreign Investment Through Private Sector Partnership Book in PDF, ePub and Kindle
Author | : Adeoye A. Akinsanya |
Publisher | : |
Total Pages | : 68 |
Release | : 1982 |
Genre | : International business enterprises |
ISBN | : |
Download Economic Independence and Indigenisation of Private Foreign Investments Book in PDF, ePub and Kindle
Author | : Dennis O. Odife |
Publisher | : |
Total Pages | : 172 |
Release | : 1988 |
Genre | : Privatization |
ISBN | : |
Download Privatization in Nigeria Book in PDF, ePub and Kindle
Author | : Pius Onowiroro Eroraha |
Publisher | : |
Total Pages | : 78 |
Release | : 1987 |
Genre | : |
ISBN | : |
Download The Impact of Private Foreign Investment on Economic Growth in Nigeria Book in PDF, ePub and Kindle
Author | : Jolly A. Beyioku |
Publisher | : |
Total Pages | : 218 |
Release | : 1986 |
Genre | : |
ISBN | : |
Download Private Foreign Investment in the Development of Nigeria Book in PDF, ePub and Kindle