Regional Integration in West Africa and Globalization of Nigerian Direct Foreign Investments

  • Adeoye A Akinsanya Nasarawa State University, Keffi
  • Mahmud Elems Nasarawa State University, Keffi
  • Mahmud Elems Nasarawa State University, Keffi
  • Yusuf Ogwuzebe Nasarawa State University, Keffi

Abstract

After successive developmental strategies have not appreciably improved Africa's economic situation since the 1960s, a decade of independence, but indeed, have contributed to Africa's stagnation, African leaders, at the dawn of the 21st century, grasped the sobering fact that Africa's salvation lies not only on embarking on radical socio-economic transformation of their societies/economies but also adopting policies of collective self-reliance through economic and political integration. This study examines regional economic integration in West Africa within the context of challenges of globalisation and argues that Nigerian enterprises should take advantage of the ECOWAS Protocol on Free Movement of Capital, services annexed to the Treaty of Lagos, 1975 and Goods and frantic efforts at West African monetary integration and relocate their production facilities, among others, to the West African sub-region.
Published
2019-12-16