FOREIGN DIRECT INVESTMENT AND ECONOMIC GROWTH IN NIGERIA

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FOREIGN DIRECT INVESTMENT AND ECONOMIC GROWTH IN NIGERIA (ECONOMICS PROJECT TOPICS AND MATERIALS)

 

ABSTRACT

A research work is an assignment of FDI and economic growth in Nigeria. the need to embark on the study was motivated by decline in economic growth vis-à-vis general economic under-development. A research objectives amongst others is the determination of a relationship between FDI and GDP, Exchange Rate and Inflation Rate. In line with achieving this objective a descriptive design was adopted for use, utilizing CBN  statistical bulletin from 2000 to 2012. Data were analyzed using percentage increased and frequency distribution table while hypothesis was tested using ordinary least square regression analysis. The researcher found out that FDI impact positively on GDP, Exchange Rate and Inflation. On the basis of the findings the researcher recommended that the role of Nigerian Investment Promotion Council (NIPC) should be strengthen in other to promote FDI into the country.

CHAPTER ONE

1.1 BACKGROUND OF STUDY

1.2    STATEMENT OF THE PROBLEM

The Nigerian economy is believed to be associated with high risk market and dividing growth because of factors such as bad governance, unstable macroeconomic policies among others.Despite the plethora of incentive to stimulate growth which include the repeal of laws that are inimical to foreign investment growth and the re-branding campaign, among others, the performance of economy in terms of quantum and per capital income is still very unimpressive and indeed disappointing in Nigeria.It is against this back drop that this study, seeks to investigate foreign direct investment and economic growth with the hope of proffering suggestions that could enhance in inflows of foreign investants capable of inducing growth in the economy.

1.3   OBJECTIVES OF THE STUDY

The objective of this study is as follows;

  1. To examine the relationship between direct foreign investment and economic development in Nigeria.
  2. To ascertain the level of foreign direct investment in Nigeria.
  3. To examine the role of foreign direct investment in the growth of Nigeria economy.
  4. To ascertain the adequacy of the level of fiscal incentives given to foreign investors by the Nigeria government.

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    FOREIGN DIRECT INVESTMENT AND ECONOMIC GROWTH IN NIGERIA (ECONOMICS PROJECT TOPICS AND MATERIALS)

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