An Assessment of Nigerians Perception towards Chinese Foreign Direct Investments and Its Acceptability in Nigeria

Abstract

Perceptions play a critical role in international affairs. Politicians must be able to consider and forecast both challenges and opportunities. Public opinion has the power to change the course of politics. As the world becomes more interconnected, it’s critical to comprehend how China is perceived and how this affects China’s global effect. Although it only makes up a small part of overall Chinese OFDI, this investment class has recently drawn interest because of its sectoral and geographic diversification. Nigeria has been one of China’s top 40 trading partners for more than five decades. For some time, it has been the leading African investment destination for Chinese investment in the continent. The pursuit of multilateral agreements has a significant effect on how countries engage in the political and economic realm. This study used both quantitative and qualitative methods. The study adopted simple random sampling techniques to allow for equal and unbiased respondents’ participation in the primary data collection. The response scale was base on a 1 - 5 points Likert scale. Secondary data was sourced from archival materials, published books or scholarly works, the internet, international organization official documents, journals, press releases, newspapers. The overall research accepts the study’s alternative hypothesis, which shows that perhaps the ten outlined perceptions of Nigerians towards Chinese FDIs and its acceptability are heavily influenced by the success of FDI by Chinese investors and businesses in Nigeria’s market climate. The importance and positive outcomes of such FDI are heavily reliant on Nigerian perceptions of Chinese FDI and their acceptability and the investment target region.