As part of an additional effort to foster foreign investors' confidence in Nigeria, the federal government continues to enter into bilateral investment promotion and protection agreements (IPPAs) with countries that do business with Nigeria.
The IPPA helps to guarantee the safety of the investment of the contracting parties in the event of war, revolution, expropriation or nationalisation. It also guarantees investors the transfer of interests, dividends, profits and other incomes as well as compensation for dispossession or loss. To this end, Nigeria has concluded and signed IPPAs with:
· France
· United Kingdom
· Netherlands
· Romania
· Switzerland
· Spain
· South Africa
Negotiations with the United States of America, Belgium, Sweden and the Russian Federation are currently at various stages.
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