Correlations between China’s benefits of investing in Nigeria & Nigeria’s benefits from Chinese FDIs and the Perception of Nigerian Towards Chinese FDIs And Its Acceptability | China-Nigeria relationship is mutually beneficial | FDIs from China generates positive spillovers | FDIs from China fostering linkages with local firms | FDIs from China positively impact various economic sectors of Nigeria | FDIs from China affect the economic growth of Nigeria (GDP, FOREX, Inflation, etc.) | FDI from China enables the provision of Modern transportation infrastructure | FDI from China Improves delivery of Technology, Goods and Services to Nigerians | FDIs from china prompt fast delivery of infrastructural construction projects in Nigeria | FDI from China Improves social amenities and lifestyles of Nigerians | Chinese Investments improve the social living standard of Nigerians and the business environment |
Nigeria offers Chinese companies a diverse range of lucrative commercial and trade opportunities | 0.81 | 0.54 | 0.40 | 0.60 | 0.49 | 0.95 | 0.47 | 1.00 | −0.18 | −0.02 |
Access to Nigeria’s Natural Resources for Manufacturing | 0.90 | 0.67 | 0.49 | 0.68 | 0.60 | 0.99 | 0.60 | 0.98 | −0.24 | −0.07 |
Access to Nigeria’s Markets | 0.84 | 0.58 | 0.43 | 0.63 | 0.53 | 0.97 | 0.52 | 1.00 | −0.20 | −0.03 |
Readily available human resources | 0.95 | 0.76 | 0.57 | 0.74 | 0.69 | 1.00 | 0.70 | 0.95 | −0.27 | −0.08 |
Strengthening of Bilateral Relationship across Political, Economic, Social, and other mutually beneficial areas at the international stage (e.g., UN, World Bank, WTO, IMF, WHO, etc.) | 0.91 | 0.71 | 0.56 | 0.74 | 0.67 | 0.99 | 0.65 | 0.97 | −0.18 | 0.00 |
Chinese FDI provides counterpart funding in major Infrastructural projects in Nigeria | 0.78 | 0.50 | 0.36 | 0.57 | 0.46 | 0.93 | 0.43 | 1.00 | −0.17 | −0.01 |
Nigeria taps from the Technological Spillover from Chinese expertise in various sectors | 0.94 | 0.73 | 0.54 | 0.72 | 0.66 | 1.00 | 0.66 | 0.96 | −0.26 | −0.08 |
Job creation in the Nigerian labor market | 0.82 | 0.55 | 0.40 | 0.61 | 0.50 | 0.95 | 0.48 | 1.00 | −0.18 | −0.02 |
Nigeria enjoys Chinese confidence due to its dynamic, open and competitive economy; thereby attracting huge FDI in Africa | 0.73 | 0.43 | 0.31 | 0.53 | 0.40 | 0.90 | 0.36 | 0.99 | −0.14 | 0.01 |