able to use policy to direct capital inflows into investment and thereby reduce the risk of instability in the financial …Countries receiving large-scale capital inflows are at risk if these flows do not find their way into productive and … long-term investment, as the Asian crisis of the late 1990s has proven. This book, the result of a joint project between …

. Nigeria has become a top recipient of foreign direct investment in Africa, with inflows having surpassed those to South Africa … economic growth and includes bold investment reforms. Growth has however not yet been translated into inclusive development and … the investment climate still suffers from severe challenges. This Investment Policy Review examines Nigeria’s investment …