Nigeria as an emerging market

The Organization for Economic Co-operation and Development (OECD), concisely depicts Foreign Direct Investment an inherent part of the international economic system and a major driving force for Foreign Direct Investment. FDI plays a significant role through job creation, tax contribution, corporate responsibility training, development and investment of Nigerian citizens, and linkages with foreign investors. During the 2018 US launch, Lagos, Economic Impact Survey, The American Business Councils (ABC) revealed that more than a billion dollars were injected to Nigerian economy in 2017 from the US. from the US 4 companies that are in Nigeria. Nigeria having a population of more than 190 million making almost half of West Africa, has a big challenge when it comes to unemployment of the vast majority youth population. In that, the local Nigerian have been found to have taken the management roles of those companies which in return have improved the living standards of the people in return boosting the country's GDP.

Secondly is Foreign Direct market has increased the average salary for its workers which reduce the poverty level of the country? Most Multinational Corporation in Nigeria provides higher pay which attracts the high-skilled personnel of the local workers. With this, it ensures high quality and productivity among the workers which compensates for the labor.  Also, foreign Direct Investment has shown great support for women in Nigeria in the job market.  And since the number of women who have excel well in education in Nigeria has improved of the years, women are getting almost equal opportunity as men in the job market which have improved their health and nutritional well-being. As opined by Learner, the availability of relative plenteous oil in Nigeria led to the oil exportation and also the availability of relative copious minerals and coal also leading to its exportation.

Nigeria has gained a competitive advantage against its world-class competitors which have resulted in energetic pressure from domestic with high demands for locally based suppliers thus reducing the importations. Also, the availability of oil in Nigeria has provided a linkage with international markets since oil is one of the main commodity in international markets thus when the oil prices are high it directly impacts on the country's economy since they are the produces. Foreign Currency and exchange influences It is apparent that the major influence in Foreign Direct Investment in any nation or a country is behaviors of the foreign currency and exchanges rates and thus exchange rate fluctuation directly impacts on the exports and imports of a country and Nigeria is not left behind. Khan [5], argued that the foreign currency and exchanges rates have a direct impact on the Foreign Direct Investment.

The commission includes a One-Stop Investment center that has 27 government and parastatal participation that has the mandate of streamlining administrative procedures of investments and new business in Nigeria. Foreign investors in Nigeria are subject to tax incentives as domestic investors. The Nigeria government has encouraged a substitution policy of an import that promotes the uses of locally manufactured goods rather than importing. Although, the government of Nigeria has put in place import bans and high tariffs it still faces challenges from smugglers via the government unprotected borders and corrupt personnel in the import sector that allows smuggling f products into the country. Foreign Direct Investment in Nigeria is regulated by the World Trade Organizations Trade-Related Investment Measures which encourages diversifications, open up of markets and fair security dealings. Rosengren, (1994) "The Real Exchange Rate and Foreign Direct Investment in the United States: Relative Wealth vs.

Relative Wage Effects," Journal of International Economics vol. Oni, L. Babatunde. Analysis of the growth impact of health expenditure in Nigeria. Adeleke, K. M. Olowe, S. O. Fasesin, O. Sawyer, Olukemi O. Environmental uncertainty and environmental scanning activities of Nigerian manufacturing executives: A comparative analysis.  Strategic Management Journal 14. gov. ng/pdfs/2016/2016BudgetSpeech. portal. euromonitor. com/Portal/Magazines/GeographiesHeavy. aspx) https://dspace. mit.