Tuesday 14 May 2013

IMPACT OF FOREIGN DIRECT INVESTMENT ON GROWTH IN THE NIGERIAN ECONOMY (1970-2006)


Abstract
          This research work took an in-depths look on the impact of Foreign Direct Investment [FDT] and economic growth in Nigeria. The roles and impact of FDI to the development of the Nigerian economic cannot be over emphasized. In order to achieve the broad objectives of this research work, relevant literatures were reviewed. Some hypothesis were stated and were subjected to empirical investigation. The estimation technique used in the project work was the co-integration analysis and the error correction model [ECM]. The variable shows that a long-run relationship exist between them. However, relevant recommendations were made e.g. government should implement policies that will encourage foreign direct investment in Nigeria.
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