International Journal of Humanities and Social Science

ISSN 2220-8488 (Print), 2221-0989 (Online) 10.30845/ijhss

Impact of Investment Climate Reforms on Business Operations in Nigeria
OLOWU, Daudu Yini, Malachy; HAMZA, Zubairu Kofarbai

Nigerian investment climate since the return of democratization in 1999 has gone through so many reforms with the sole aim of attracting local and foreign investors from every part of the globe in order for private investment to strive in Nigeria. An unfavourable investment climate is one of the many hindrances faced by developing and underdeveloped nations including Nigeria. This may be largely due to some structural and administrative bottlenecks, corruption, inconsistency in policy making, lack of rule of law, lack of security and poor infrastructure among others. But over the years, a lot of reforms were introduced in order to make investment climate in Nigeria, Investor friendly. Therefore, regulatory reform is often a key component of removing the barriers to investment. The study highlighted the various reforms the government of Nigeria have implemented over the years in order to make Nigeria a prefer investment destination in Africa. The study is qualitative and descriptive in nature and used secondary data to test the efficacy of some of these reforms in some small, medium and large manufacturing sector to see whether or not reforms in Nigerian investment climate have or otherwise improved the level of Foreign Direct Investment (FDI), translate to economic growth and development, and reduces the cost of doing business in Nigeria.

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