long-term investment, as the Asian crisis of the late 1990s has proven. This book, the result of a joint project between … able to use policy to direct capital inflows into investment and thereby reduce the risk of instability in the financial …-oriented environment conducive to more sound external investment. The lessons of this book are as applicable in other regions of the world …

. 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 …