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Industrial Development Coordinating Committee (Idcc) And Foreign Private Investment (Fpi) In Nigeria, J. A. Aremu
Industrial Development Coordinating Committee (Idcc) And Foreign Private Investment (Fpi) In Nigeria, J. A. Aremu
Economic and Financial Review
Policies that attract foreign private investment (FPI) have become the focus of considerable attention in many developing countries particularly since the beginning of the debt crisis in the 1980s. As part of Nigeria's strategy to stimulate foreign investment, the Federal Government of Nigeria established the Industrial Devel,opment Coordinating Committee (IDCC) in 1988 as a one-stop agency for facilitating andattractingforeign investment inflow. A study was initiated by the Research Department to assess the role of IDCC so far in stimulating the desi,:ed level of foreign investment in Nigeria. The study shows that IDCChasbeenrelativelyineffectiveasjudgedbytheforeigncapitalinflowwhichresultedfromtheIDCC's approved enterprises. The expected foreign capital inflow stood …
Foreign Private Investment In Nigeria In 1989, Central Bank Of Nigeria Cbn
Foreign Private Investment In Nigeria In 1989, Central Bank Of Nigeria Cbn
Economic and Financial Review
Although the report of the 1989 survey showed that for the first time ever, a net outflow was recorded by the foreign private enterprises in Nigeria, the development was a welcome one. The easier access to foreign . exchange which led to a net capital outflow of N439.4 million was made possible through the creation of new outlets for the purchase of foreign exchange introduced in 1989. The Bureau de Change which took off in mid -1989 was put in place by the federal government to compete with the informal parallel market and thus expand the foreign exchange market. Also, …