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Foreign Direct Investment And Its Impact On The Development Of Nigerian Economy (1990 – 2010)
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1.5 SIGNIFICANCE OF THE STUDY
It is hoped that this study will act as a reference point for policy debate in the idea of FDI in our economy.
On the whole it is envisaged that the research findings will be of the following specific significance.
1. It will serve as a guide to economic policy makers and planners in future decisions concerning FDI
2.
It is equally hoped that the findings and recommendation of this study
will be of immense benefit not only to the government but also to other
researchers and students for future research undertakings
1.6 RESEARCH HYPOTHESIS
In
order to find answers to the questions raised in the research
questions, the following hypothesis are necessary and would be tested
and it will either be accepted or rejected based on the research
findings
I. Null hypothesis (HO): Foreign direct investment has a significant impact on the development of the Nigeria economy
Alternate hypothesis (H1): Foreign direct investment has a significant impact on the development of the Nigerian economy
II.
Null hypothesis (HO): The nature and magnitude of foreign direct
investment on economic development in Nigeria cannot be determined
Alternate
hypothesis (H1): The nature and magnitude of foreign direct investment
on economic development in Nigeria can be determined
III. Null hypothesis (HO):The level of fiscal incentive given to foreign investors by the Nigeria government are not adequate
Alternate hypothesis (H1): The levels of fiscal incentives given to foreign investors by the Nigeria government are adequate
1.7 SCOPE AND LIMITATION OF THE STUDY
Its
focus is to verify if there is any contribution made toward economic
growth and development of Nigeria economy via gross domestic product
(GDP) through foreign direct investment for the period 1990-2010. It
will be limited to investigate the impact of FDI in the development of
Nigeria economy. Government also sought for measures to enhance economic
development and inflow of foreign direct investment into the country to
reach its peak.
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ABSRACT - [ Total Page(s): 1 ]Generally, policies and strategies of Nigerian government towards foreign direct investment are shaped by two principal objectives of the desire for economic independence and the demand for economic development. Multinational corporations are expected to bring into Nigeria foreign capital in the form of technical skills, entrepreneurship, and technology and investment fund to boost economic activities thereby raising the standard of living in Nigeria.The main issues in this paper relates to unde ... Continue reading---
