Since economic liberalisation in 1995, Nigeria has had one of the most open regimes for foreign investors. The new liberalised business regime is making it easier to do business in the country, and efforts to reform practise and regulation are ongoing (www.the chromegroup.net).The Nigerian Investment Promotions Commissions Act 1995, (the “1995 Act”) which repealed the Industrial Development Coordination Committee Act1989 is considered a driver offoreign investment in Nigeria.
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