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