Monday, October 9, 2017

Deciphering Chinese Investment in Nigeria

China-Africa Focus published on 6 October 2017 my brief analysis titled "Deciphering Chinese Investment in Nigeria."

Reporting on Chinese foreign direct investment (FDI) in Nigeria (and elsewhere) often intermingles the winning of contracts with FDI, giving the impression of more investment than is actually the case. While China is an important source of FDI in Nigeria, it is not as significant as often reported. According to U.S. State Department Office of Investment Affairs' estimates, Chinese companies have provided only about 6 percent of Nigeria's FDI stock, which is slightly ahead of companies from the United States but well behind those in the UK, Netherlands, and France.