Insecurity and Patterns of Foreign Direct Investment in Nigeria (1999-2014)

Abstract

This study examined the nature and trend of insecurity and patterns of Foreign Direct Investment (FDI) in Nigeria from 1999-2014 with a view to provide information on how insecurity affects the patterns of FDI in Nigeria. The study employed both primary and secondary data. Primary data were sourced through in-depth interviews conducted on purposively selected respondents from Ministry, Departments and Agencies (MDAs) of government who are directly involved in handling issues of security and FDI in the country; economic attaché of some selected embassies; foreign business organisations in the country and the academia with interest on FDI and security issues. Secondary data were sourced from academic journals, government publications, newspapers and magazines on variables such as FDI and insecurity. The study adopted the theoretical framework of liberal transnationalism of political economy perspective. Data were analysed using qualitative and descriptive methods. The result revealed that the nature and trend of insecurity negatively impacted on the patterns of FDI in Nigeria both in the oil and non-oil sector within the period under studied.