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Democratic governments attract more foreign investment in Nigeria, study finds.

SSRN Electronic Journal
Financial Openness and Foreign Direct Investment in Nigeria: New Evidence
Oziengbe Scott Aigheyisi

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Financial openness in Nigeria has a mixed impact on foreign direct investment (FDI). A more democratic government attracts more FDI, while trade openness, market size, infrastructure, and low inflation also play a role. To increase FDI, Nigeria should focus on democracy, infrastructure, global market integration, and boosting per capita income.