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AN ASSESSMENT OF THE IMPACT OF FOREIGN DIRECT INVESTMENT ON NIGERIAN ECCONMIC GROWTH (1990-2011)

ECONOMICS
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Pages: 65
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Project Research Pages: 65 Available Available 1-5 Chapters Abstract Available Available Instant Download NGN 5,000

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Project Research Pages: 65 Available Available 1-5 Chapters NGN 5,000 Abstract Available Available Instant Download
AN ASSESSMENT OF THE IMPACT OF FOREIGN DIRECT INVESTMENT ON NIGERIAN ECCONMIC GROWTH (1990-2011)
CHAPTER ONE
1.0        INTRODUCTION
1.1        BACKGROUND OF THE STUDY
Investors’ decisions and actions globally are influenced significantly by the dictates of self-interest which suggests that capital, not only be channeled to high-yielding economic sectors but also to those that are ostensibly quick yielding economies. On balance therefore investors would spun profitable opportunities characterized by extreme competitions, market glut, unfavorable regulation, long gestation periods and opt instead for investments that yield high returns within the shortest time possible. Base on this view, investors generally migrate from
one economy to another in search of better investment climate and higher returns.

This form of capital movement results in the creation of a typical investment called Foreign Direct Investment. In the opinion of Jomo (1988) Foreign Direct Investment can be explained to represent the flow of tangibles from a country abroad of capital, equipment and other production and processing facilities.

AN ASSESSMENT OF THE IMPACT OF FOREIGN DIRECT INVESTMENT ON NIGERIAN ECCONMIC GROWTH (1990-2011)

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