Project Abstract

Abstract
This research examines the legal provisions relating to foreign investments in Nigeria within the contexts of the New Partnership for Africa's Development (NEPAD) and the African Growth and Opportunity Act (AGOA). The study focuses on analyzing the regulatory framework for foreign investments in Nigeria, exploring the impact of NEPAD and AGOA on foreign investment promotion in the country. Through a comprehensive review of relevant literature, legal documents, and case studies, the research assesses the legal environment for foreign investments in Nigeria. It examines the key laws, regulations, and policies governing foreign investments, including the Nigerian Investment Promotion Commission Act, the Foreign Exchange (Monitoring and Miscellaneous Provisions) Act, and the Companies and Allied Matters Act. Furthermore, the study investigates the role of NEPAD and AGOA in facilitating foreign investments in Nigeria. NEPAD, as a socio-economic development framework for Africa, aims to promote sustainable growth and development through partnerships with the international community. AGOA, on the other hand, provides trade preferences to eligible African countries, including Nigeria, to support economic integration and development. The research analyzes the alignment of Nigeria's legal framework with the principles and objectives of NEPAD and AGOA. It evaluates the effectiveness of these initiatives in attracting foreign investments to Nigeria, promoting economic growth, and enhancing the country's competitiveness in the global market. Moreover, the study examines the challenges and opportunities associated with foreign investments in Nigeria within the contexts of NEPAD and AGOA. It considers issues such as regulatory compliance, investment protection, transparency, and access to markets. The research also explores potential strategies to enhance the investment climate in Nigeria and maximize the benefits of NEPAD and AGOA. In conclusion, the research provides insights into the legal provisions relating to foreign investments in Nigeria and their implications within the frameworks of NEPAD and AGOA. It offers recommendations for policymakers, investors, and other stakeholders to strengthen the legal framework, improve investment promotion efforts, and leverage the opportunities presented by NEPAD and AGOA for sustainable economic development in Nigeria.

Project Overview

Any country’s economic score sheet is influenced by the events within and from

abroad. The reality of globalization has come to mean that the former speaks

louder now than in the days past when domestic measures dictated matters. The

passion being expressed by the Nigerian government for foreign investments

needs to be examined in the context of the two tendencies broadly shown by a

nationalistic approach in which nationalization, indigenization and control are key

factors and by liberalization in which deregulation and privatization are notable.

Nigeria indeed practised the first hoping to achieve growth, development and self-

sufficiency that way before courting, gently at first, the second.

This study begins where the former stopped. It examines the high points of the

national approach which relied so much on domestic measures and legislation, in

this case exchange control and indigenization laws. It then considers the crisis

stage when Nigeria was torn between the two: this is shown for instance in her not

totally repealing the indigenization laws but conceding some participation without

voti