TY - GEN
T1 - Contextualizing Foreign Investments in the Nigerian Construction Industry
AU - Ikuabe, Mathew
AU - Aigbavboa, Clinton
AU - Oke, Ayodeji
AU - Aghimien, Douglas
AU - Thwala, Wellington
N1 - Publisher Copyright:
© The Author(s), under exclusive license to Springer Nature Switzerland AG 2021.
PY - 2021
Y1 - 2021
N2 - The contribution of the construction industry to the economy of any nation has been proven to be very important not just because it provides the infrastructural need which serves as an indicator of its development but also its immense contribution to the Gross Domestic Product (GDP) . This has placed the industry in a vantage position in calls for adequate financing. In developing countries such as Nigeria, the government is largely responsible for financing capital projects. Over time, it has been experienced that the low gross domestic savings of the nation has inhibited the adequate financing of capital projects, hence leading to a deficit in the provision of infrastructure. Foreign investment which could be either Foreign Direct Investment (FDI) or Foreign Portfolio Investment (FPI) serves as an alternative for capital investment financing and comes with its own benefits to the host nation. This study theoretically examines the infrastructural development in Nigeria and foreign investment in Nigeria with particular emphasis on the construction industry. Findings revealed that the inflow of foreign investment into the construction industry has been irregular and being inhibited by varying factors. The study concludes by emphasizing the need for collaborative efforts by government and other stakeholders to ensure the increase and stabilized inflow of foreign investment into the construction industry by creating a convenient investment environment and strengthening existing enabling investment laws.
AB - The contribution of the construction industry to the economy of any nation has been proven to be very important not just because it provides the infrastructural need which serves as an indicator of its development but also its immense contribution to the Gross Domestic Product (GDP) . This has placed the industry in a vantage position in calls for adequate financing. In developing countries such as Nigeria, the government is largely responsible for financing capital projects. Over time, it has been experienced that the low gross domestic savings of the nation has inhibited the adequate financing of capital projects, hence leading to a deficit in the provision of infrastructure. Foreign investment which could be either Foreign Direct Investment (FDI) or Foreign Portfolio Investment (FPI) serves as an alternative for capital investment financing and comes with its own benefits to the host nation. This study theoretically examines the infrastructural development in Nigeria and foreign investment in Nigeria with particular emphasis on the construction industry. Findings revealed that the inflow of foreign investment into the construction industry has been irregular and being inhibited by varying factors. The study concludes by emphasizing the need for collaborative efforts by government and other stakeholders to ensure the increase and stabilized inflow of foreign investment into the construction industry by creating a convenient investment environment and strengthening existing enabling investment laws.
KW - Construction industry
KW - FDI
KW - FPI
KW - Infrastructure
UR - http://www.scopus.com/inward/record.url?scp=85140728822&partnerID=8YFLogxK
U2 - 10.1007/978-3-030-80462-6_35
DO - 10.1007/978-3-030-80462-6_35
M3 - Conference contribution
AN - SCOPUS:85140728822
SN - 9783030804619
T3 - Lecture Notes in Networks and Systems
SP - 277
EP - 286
BT - Advances in Manufacturing, Production Management and Process Control - Proceedings of the AHFE 2021 Virtual Conferences on Human Aspects of Advanced Manufacturing, Advanced Production Management and Process Control, and Additive Manufacturing, Modeling Systems and 3D Prototyping, 2021
A2 - Trzcielinski, Stefan
A2 - Mrugalska, Beata
A2 - Karwowski, Waldemar
A2 - Rossi, Emilio
A2 - Di Nicolantonio, Massimo
PB - Springer Science and Business Media Deutschland GmbH
T2 - AHFE Conferences on Human Aspects of Advanced Manufacturing, Advanced Production Management and Process Control, and Additive Manufacturing, Modeling Systems and 3D Prototyping, 2021
Y2 - 25 July 2021 through 29 July 2021
ER -
