An Overview of the Legal Measures for Promotion and Protection of Investments in Nigeria

Abstract

The promotion and protection of investors have over the years suffered policy and developmental drive. The Nigerian system is characterized by inconsistent policies of the governments in investments growth. The country has a high desire for economic development. This article begins with an introduction, followed by the historical development of investors' protection in Nigeria, the agencies created for the investment protection such as Nigerian Investment and Promotion Commission (NIPC) and Investment Promotion and Protection Agreement (IPPA), the factors that militate against investment growth in Nigeria, the legal methods by which investment disputes could be settled and concludes that if the recommendations proposed in this article would be adopted apparently, Nigeria will become one of the world's greatest economy.