Effective and adequate infrastructure is a crucial substructure of any thriving economy, and infrastructure investment is regarded as a key driver of economic development. Nigeria, despite being regarded as the largest economy in Africa, and having one of Africa’s largest natural gas and crude...

While the recent increase in foreign direct investment (FDI) to African countries is a welcome development, the question remains as to the impact of these resource inflows on economic development. This study posits that a key channel of the impact of FDI on development is through its effects on...