Contextualizing Foreign Investments in the Nigerian Construction Industry

Mathew Ikuabe; Clinton Aigbavboa; Ayodeji Oke; Douglas Aghimien; Wellington Thwala

doi:10.1007/978-3-030-80462-6_35

Contextualizing Foreign Investments in the Nigerian Construction Industry

Mathew Ikuabe
, Clinton Aigbavboa
, Ayodeji Oke
, Douglas Aghimien
, Wellington Thwala

University of Johannesburg

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

7 Citations (Scopus)

Abstract

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.

Original language	English
Title of host publication	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
Editors	Stefan Trzcielinski, Beata Mrugalska, Waldemar Karwowski, Emilio Rossi, Massimo Di Nicolantonio
Publisher	Springer Science and Business Media Deutschland GmbH
Pages	277-286
Number of pages	10
ISBN (Print)	9783030804619
DOIs	https://doi.org/10.1007/978-3-030-80462-6_35
Publication status	Published - 2021
Event	AHFE Conferences on Human Aspects of Advanced Manufacturing, Advanced Production Management and Process Control, and Additive Manufacturing, Modeling Systems and 3D Prototyping, 2021 - Virtual, Online Duration: 25 Jul 2021 → 29 Jul 2021

Publication series

Name	Lecture Notes in Networks and Systems
Volume	274
ISSN (Print)	2367-3370
ISSN (Electronic)	2367-3389

Conference

Conference	AHFE Conferences on Human Aspects of Advanced Manufacturing, Advanced Production Management and Process Control, and Additive Manufacturing, Modeling Systems and 3D Prototyping, 2021
City	Virtual, Online
Period	25/07/21 → 29/07/21

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 9 Industry, Innovation, and Infrastructure
SDG 17 Partnerships for the Goals

Keywords

Construction industry
FDI
FPI
Infrastructure

ASJC Scopus subject areas

Control and Systems Engineering
Signal Processing
Computer Networks and Communications

Access to Document

10.1007/978-3-030-80462-6_35

Cite this

Ikuabe, M., Aigbavboa, C., Oke, A., Aghimien, D., & Thwala, W. (2021). Contextualizing Foreign Investments in the Nigerian Construction Industry. In S. Trzcielinski, B. Mrugalska, W. Karwowski, E. Rossi, & M. Di Nicolantonio (Eds.), 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 (pp. 277-286). (Lecture Notes in Networks and Systems; Vol. 274). Springer Science and Business Media Deutschland GmbH. https://doi.org/10.1007/978-3-030-80462-6_35

Ikuabe, Mathew ; Aigbavboa, Clinton ; Oke, Ayodeji et al. / Contextualizing Foreign Investments in the Nigerian Construction Industry. 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. editor / Stefan Trzcielinski ; Beata Mrugalska ; Waldemar Karwowski ; Emilio Rossi ; Massimo Di Nicolantonio. Springer Science and Business Media Deutschland GmbH, 2021. pp. 277-286 (Lecture Notes in Networks and Systems).

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abstract = "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.",

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Ikuabe, M, Aigbavboa, C, Oke, A, Aghimien, D & Thwala, W 2021, Contextualizing Foreign Investments in the Nigerian Construction Industry. in S Trzcielinski, B Mrugalska, W Karwowski, E Rossi & M Di Nicolantonio (eds), 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. Lecture Notes in Networks and Systems, vol. 274, Springer Science and Business Media Deutschland GmbH, pp. 277-286, AHFE Conferences on Human Aspects of Advanced Manufacturing, Advanced Production Management and Process Control, and Additive Manufacturing, Modeling Systems and 3D Prototyping, 2021, Virtual, Online, 25/07/21. https://doi.org/10.1007/978-3-030-80462-6_35

Contextualizing Foreign Investments in the Nigerian Construction Industry. / Ikuabe, Mathew; Aigbavboa, Clinton; Oke, Ayodeji et al.
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. ed. / Stefan Trzcielinski; Beata Mrugalska; Waldemar Karwowski; Emilio Rossi; Massimo Di Nicolantonio. Springer Science and Business Media Deutschland GmbH, 2021. p. 277-286 (Lecture Notes in Networks and Systems; Vol. 274).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

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

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AN - SCOPUS:85140728822

SN - 9783030804619

T3 - Lecture Notes in Networks and Systems

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A2 - Mrugalska, Beata

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Ikuabe M, Aigbavboa C, Oke A, Aghimien D, Thwala W. Contextualizing Foreign Investments in the Nigerian Construction Industry. In Trzcielinski S, Mrugalska B, Karwowski W, Rossi E, Di Nicolantonio M, editors, 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. Springer Science and Business Media Deutschland GmbH. 2021. p. 277-286. (Lecture Notes in Networks and Systems). doi: 10.1007/978-3-030-80462-6_35

Contextualizing Foreign Investments in the Nigerian Construction Industry

Abstract

Publication series

Conference

UN SDGs

Keywords

ASJC Scopus subject areas

Access to Document

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