Способы улучшения инвестиционного климата в Нигерии
Способы улучшения инвестиционного климата в Нигерии
Вид издания: Статья
Нтукидием, И. Способы улучшения инвестиционного климата в Нигерии / И. Нтукидием. - Текст : электронный // Интернет-журнал "Науковедение". - 2014. - №2 (21). - URL: https://znanium.com/catalog/product/482301 (дата обращения: 03.08.2021)
Текстовые фрагменты публикации
Интернет-журнал «НАУКОВЕДЕНИЕ» Выпуск 2, март – апрель 2014 Опубликовать статью в журнале - http://publ.naukovedenie.ru Институт Государственного управления, права и инновационных технологий (ИГУПИТ) Связаться с редакцией: email@example.com 1 http://naukovedenie.ru 33EAVN214 Ntukidiem Inimfon Imaenyin (Nigeria) Peoples’ Friendship University of Russia Russia, Moscow Е-Мail: firstname.lastname@example.org The ways to improve investment climate in Nigeria Abstract: The article is dedicated to the investment climate of Nigeria. Investment climate the author defines as a «set of current political , socio-cultural, economic, financial and legal conditions that determine the quality of business infrastructure , the efficiency of investment and degree of possible risks when investing capital». Nowadays, Nigeria is pursuing the economic policies aimed at formation of the market environment, private business, improvement of investment climate in the state. The author describes top three problematic factors for doing business in Nigeria: access to financing, inadequate supply of infrastructure and corruption, access to a consistent power supply and other infrastructure that constrains development. In an attempt to address this situation, the Nigerian Federal Government has included infrastructure as part of its national development priorities and policies. Keywords: Investment climate in Nigeria, stable overall economic and political situation, a well-developed infrastructure to ensure effective investment process; state investment policy and the degree of state support for foreign investments; formation of the market environment. Identification number of article 33EAVN214
Интернет-журнал «НАУКОВЕДЕНИЕ» Выпуск 2, март – апрель 2014 Опубликовать статью в журнале - http://publ.naukovedenie.ru Институт Государственного управления, права и инновационных технологий (ИГУПИТ) Связаться с редакцией: email@example.com 2 http://naukovedenie.ru 33EAVN214 The investment climate is a political, social and economic situation in the country which from the point of view of potential investors (state and private) is profitable, and they invest the capitals in its economy to promote their effective use if the state thus gives a guarantee of safe and free repatriation of profit. Most researchers consider the investment climate as a set of conditions (factors) that affect the willingness of investors to carry out investments . According to the World Bank «the investment climate» is a collection specific to each location factors determining the ability of companies and provides them with incentives to invest productively , create jobs, and expand its activities» Unfortunately, this definition does not specify what these might be factors . Financial and Credit Encyclopedic Dictionary gives a more specific definition of investment climate as a «set of current political , socio-cultural, economic, financial and legal conditions that determine the quality of business infrastructure , the efficiency of investment and degree of possible risks when investing capital»  Тhere’s a standard minimum requirements that allows to define a favorable investment climate: ● stable overall economic and political situation; ● perfect legal framework; ● a well-developed infrastructure to ensure effective investment process; ● state investment policy and the degree of state support for foreign investment. Investment climate reflects the trends affecting all participants of the investment process. Use of the term «investment climate» is possible only by relation to a particular sphere of investments, but not for a particular investment object. Investment climate is the interval estimate instead of moment. This is investment attractiveness of the country in the dynamics. The states of the African continent, including Nigeria, already started pursuing the economic policies aimed at formation of the market environment, private business, improvement of investment climate their states. Nigerian government is developing policies designed to attract private business investment. It’s constructing a holistic legal regime for these investments. Its main objectives are reducing risk factors, legal protection of investors against expropriation of their property, easing the tax burden and in some cases the long-term fiscal stability, as well as guarantees repatriation of capital and export revenues for investments in the home country. Taking into account the number of inhabitants and the numerous resources Nigeria is considered as the main market on the continent that attracts trading partners in Europe, America, Asia and Africa. Its subsoil is rich in oil and gas, coal, tin, gold, limestone, lignite, zinc and other natural resources. Among agricultural products - cocoa, groundnuts, rubber, cotton, coffee, palm oil, timber, beans, yams, ginger. Nigeria was earlier an exporter of agricultural products, but now imports food. In some years, the favorable economic situation industrial growth in Nigeria exceed was 3% a year (Pic.1). A decline in industrial production was due to the crisis in the global economy and oil exports.
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