A REVIEW OF FOREIGN DIRECT INVESTMENTS (FDI) IN SUB-SAHARAN AFRICA (1970-2017)
- Department of Public Administration, College of Management and Social Sciences, Salem University Lokoja, P.M.B 1060 Lokoja, Kogi State, Nigeria.
- Department of Economics, College of Management and Social Sciences, Salem University, P.M.B 1060, Lokoja, Kogi State, Nigeria.
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In the past, the history of Sub-Saharan Africa (SSA) countries have been defined in terms of foreign aid, but its future is becoming more defined by the volumes of FDI it receives annually. Moreover, between 2005 and 2015 marked a significant phase in the growth of FDI in Sub-Saharan Africa (SSA), thus, necessitate a review of the flow of FDI in Sub-Saharan Africa (SSA) countries (1970-2017). Moreover, the data for this study was collected from various secondary sources such as books, journals, annual reports and internet sources amongst others. Besides, the data were content analysis. Besides, this study revealed that Foreign Direct Investment (FDI) flows and Greenfield projects in Sub-Saharan African countries some SSA countries are helping in creating new jobs, developing professional capacity, infrastructure and services in countries like Nigeria, Ghana, Zambia, Congo, and Mozambique among others. Therefore, this study makes a case for the sustainability of achievements.
[Zekeri Momoh and Eleojo Jeremiah Idoko (2020); A REVIEW OF FOREIGN DIRECT INVESTMENTS (FDI) IN SUB-SAHARAN AFRICA (1970-2017) Int. J. of Adv. Res. 8 (May). 975-983] (ISSN 2320-5407). www.journalijar.com
SALEM UNIVERSITY, LOKOJA- NIGERIA
Nigeria
