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The Impact Of Foreign Direct Investment On Economic Growth In Nigeria
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Foreign Direct Investmemt has been widely described as an indispensible vihicle of economic growth, Variuos reseachers have tried to advocate foreign direct investment as a tool for employment generation, transfer of technological skills, manpower development and increased foreign dexchange earnings.
This study was carried out to determine the impact of FDI on economic growth in Nigeria. The study made use of the ordinary least square (OLS) method of estimation in determinig the impact of FDI amid other variables on economic growth from the period of 1980 – 2010. This study further reveals that inflation rate have a negative influence on economic growth. Recommandation based on the findings made are geared towards a restructuring and redirecting of foreign direct investment if successfully put in place would yeild great benefits to economic growth in Nigeria.
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CHAPTER ONE - [ Total Page(s): 3 ]Recent studies however show that Foreign Direct Investment is what is
needed to bridge the gap of savings and investment that exists in
African and in nigeria particularly. Prior to the 1970‟s FDI was not
seen as an instrument of economic development the perception of FDI as
parasitic and retarding the development of domestic industies for export
promotion had engendered hospitality to multi –national companies and
their direct investments in many countries.However, the ... Continue reading---
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CHAPTER ONE - [ Total Page(s): 3 ]Recent studies however show that Foreign Direct Investment is what is
needed to bridge the gap of savings and investment that exists in
African and in nigeria particularly. Prior to the 1970‟s FDI was not
seen as an instrument of economic development the perception of FDI as
parasitic and retarding the development of domestic industies for export
promotion had engendered hospitality to multi –national companies and
their direct investments in many countries.However, the ... Continue reading---
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ABSRACT -- [Total Page(s) 1]
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