DIRECT PRIVATE FOREIGN INVESTMENT AND ECONOMIC GROWTH IN NIGERIA (1980-1996): AN EMPIRICAL INVESTIGATION
DIRECT PRIVATE FOREIGN INVESTMENT AND ECONOMIC GROWTH IN NIGERIA (1980-1996): AN EMPIRICAL INVESTIGATION
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Date
2000
Authors
GARBA, Shehu Tijjani
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Abstract
This study has attempted to analytically and empirically
investigate the impact of direct private foreign investment on
the economic growth process of the country over the period
1980 -1996. The Data used in this study were time series data
derived from secondary sources.
Obviously, the great potentials of direct private foreign
investment for accelerating the pace of economic growth cannot
be overemphasized. It not only helps fill the gap between
domestically available supplies of savings, foreign exchange
and government revenue but also encourages the inflow of
technology and skills.
Based on the recognition of the relevance of private foreign
investment in economic growth, ever singe the attainment of
political independence in 1960, various strategies involving
policies and regulatory measures have been pursued by the
Nigerian government geared essentially towards the promotion
of the inflow of private foreign investments into the country.
The objectives of this study basically are to verify and
identify the nature and extent of private foreign investment
in Nigeria, evaluate the country's past and current efforts
designed to promote foreign investment, analyse the flow of
such external resources and highlight some lessons of
experience and impact of foreign investment on growth.
The results of the empirical investigation revealed that
direct private foreign investment in the identified
Manufacturing sub-sectors based on the International Standards
of Industrial Classification (ISIC) in this study has
contributed positively though not on equal proportion to
productivity growth, national income, private and government
savings.
Description
A THESIS SUBMITTED TO THE DEPARTMENT OF ECONOMICS
IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE AWARD
OF PH.D (ECONOMICS) DEGREE IN ECONOMICS AT AHMADU BELLO
UNIVERSITY, ZARIA, 2000
Keywords
DIRECT PRIVATE FOREIGN INVESTMENT,, ECONOMIC GROWTH IN NIGERIA 1980-1996,, EMPIRICAL INVESTIGATION