There are various levels of legal protection for foreign investors. Nigerian law provides for compensation in the event of expropriation. Under Nigerian law, no movable property or interest in any immovable property may be compulsorily acquired, except in accordance with the law which, among other things, requires prompt payment of compensation and gives to any person claiming such compensation, the right of access to a court of law or tribunal having jurisdiction, in order to obtain a determination of the right and the amount of compensation payable.
The Government has also expressed willingness to enter into Investment Protection agreements with private organizations wishing to invest in Nigeria and has also entered into bilateral agreements to provide protection for foreign investors.
In addition, Nigerian law provides for a large measure of capital mobility, for the protection of intellectual property, for dispute resolution through arbitration as well as in national courts. All these rights are available to foreign and domestic investors on a non-discriminatory basis.
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