ABSTRACT
This chapter examines the aggregate activities of multinationals operating in the Nigerian economy as summarised by the total investments from their countries of origin. In 1962 the total investments made in Nigeria by multinationals of UK origin totalled ₦271.2 million or approximately 61.4 per cent of total foreign investments in Nigeria. The decline in the United States' investments in Nigeria by 1973 may be attributed to a number of causes. By 1970 Nigerian investors had less than 20 per cent of the total paid-up capital in the form of common stocks or preferred stocks, excluding reserves in the Nigerian economy. Although Nigerians hold on average a total investment of 43 per cent consisting of common and preferred stocks, an appraisal of the capital holdings of Nigerians in the various activities of the economy is not very encouraging. Foreign investment rose to ₦825 million as against ₦396 million in the First Plan period.
