THE ROLE OF INVESTMENT IN ECONOMIC DEVELOPMENT OF NIGERIA: A CASE STUDY OF NEW NIGERIA DEVELOPMENT COMPANY LIMITED (NNDC)
THE ROLE OF INVESTMENT IN ECONOMIC DEVELOPMENT OF NIGERIA: A CASE STUDY OF NEW NIGERIA DEVELOPMENT COMPANY LIMITED (NNDC)
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Date
1994-04
Authors
CHATTA, ABUBAKAR MOHAMMED.,
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Abstract
This project work is concerned with the determination of the role of investment
in economic development of Nigeria, while New Nigeria Development Company
Limited (NNDC) was used as a case study.
NNDC incorporated in 1949 is a development finance institution jointly owned
by the sixteen (16) Northern States with their equity ownership varying in different
proportions. The company is based in Kaduna and its subsidiaries in other member
states, and also with investment in various sectors and subsectors of the economy
throughout the country.
The study revealed the role of investment as a catalyst in the development
process, which is associated to its interactive effect on income, saving and further
capital accumulation. It is observed that the acquisition of industries lead to increased
per capita income, reduction in unemployment, economic inequality and absolute
poverty. Therefore the role of investment in economic development was viewed from
the perspective of industrialization.
In this regard, the study discovered that NNDC made significant contributions
to the development of Nigeria economy with respect to its investment activities,
provision of employment, development of human resources and advancing loans to
other companies directly or by guarantee.
However, some shortcomings were observed in the NNDC operations and
recommendations were made based on the findings of the study.
Description
A PROJECT SUBMITTED TO THE POST - GRADUATE SCHOOL,
AHMADU BELLO UNIVERSITY, ZARIA, IN PARTIAL FULFILMENT OF
THE REQUIREMENTS FOR THE DEGREE OF MASTERS OF
BUSINESS ADMINISTRATION.
DEPARTMENT: BUSINESS ADMINISTARTION
FACULTY: ADMINISTRATION
AHMADU BELLO UNIVERSITY,
ZARIA.
DATE: APRIL, 1994.
Keywords
ROLE,, INVESTMENT., ECONOMIC DEVELOPMENT, NIGERIA:, NIGERIA DEVELOPMENT COMPANY LIMITED (NNDC)