The study examined foreign direct investment (FDI): a panacea to national economic development. The objectives set for the study are; to determine the causes of the Nigerian economic downturn, to ascertain the effects of foreign direct investment, to suggest measures that would be taken to accelerate the economic development of Nigeria. Primary and secondary data were used; the population of the study was 1200 from which the sample sizes of 400 were determined using Taro Yamani’s formula. The research instruments used were questionnaire and oral interview. The reliability of the research instruments was tested using Pearson Product moment correlation coefficient; the result gave a reliability index of 0.98 indicating a high degree of consistency. Chi-square and ANOVA approach were the statistical tools used. The findings from the study reveals that, decline in oil prices and revenue, increase government expenditure and decline in market indices are the challenges posed by economic downturn in Nigeria; consumption-based economy, poor savings, high credit culture and huge financial outflow are the causes of the economic crises in Nigeria; reduction in direct foreign investment and overseas development assistance are the effects of economic crisis to Nigeria and finally, diversification of the economy, robust regulatory policies and professional supervision to aid foreign direct investment in Nigeria. Based on the findings, the researcher made the following recommendation: Nigeria should adopt tough policy measures as effective strategies towards a comprehensive strengthening of the economy, government should ensure that policy recommendations are implemented in order to reposition the Nigerian economy against the impact of future economic downturn, government should create enabling environment to attract foreign investors in order to boost economic activities in the country. Finally, government needs to sincerely focus on developing/strengthening the economy and provide alternative sources of revenue on a sustained basis.
Inhaltsverzeichnis (Table of Contents)
- Chapter 1: Introduction
- Chapter 2: Literature Review
- Chapter 3: Research Methodology
- Chapter 4: Data Presentation and Analysis
- Chapter 5: Findings, Conclusion and Recommendations
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This study aims to determine the causes of Nigeria's economic downturn, ascertain the effects of foreign direct investment (FDI), and suggest measures to accelerate Nigeria's economic development. The research employs both primary and secondary data to analyze the situation.
- Causes of Nigeria's economic downturn
- Effects of foreign direct investment on the Nigerian economy
- Strategies to attract and utilize FDI for economic growth
- Policy recommendations for economic strengthening
- Alternative revenue sources for Nigeria
Zusammenfassung der Kapitel (Chapter Summaries)
Chapter 1: Introduction: This chapter introduces the topic of foreign direct investment (FDI) and its potential role in national economic development, focusing specifically on the Nigerian context. It sets the stage for the research by outlining the problem statement, research questions, objectives, and the overall scope of the study. The chapter likely highlights the significance of FDI as a catalyst for economic growth and emphasizes the need for a comprehensive understanding of its impact on Nigeria's economic landscape. The introduction probably also previews the methodology and structure of the subsequent chapters.
Chapter 2: Literature Review: This chapter delves into existing scholarly literature on FDI and its relationship to national economic development. It likely reviews various theoretical frameworks and empirical studies exploring the determinants, impacts, and challenges associated with FDI. The literature review probably synthesizes diverse perspectives on the role of FDI in fostering economic growth, technological advancement, and employment creation, while also addressing potential downsides like economic dependence and exploitation. The chapter would have provided a crucial foundation for the subsequent empirical investigation by framing the research questions within a broader academic discourse.
Chapter 3: Research Methodology: This chapter details the research design, data collection methods, and analytical techniques used in the study. It specifies the population, sample size, and sampling procedures employed to gather data. The chapter probably describes the use of both primary data (e.g., questionnaires and interviews) and secondary data (e.g., existing statistics and reports) and justifies the choice of statistical tools for data analysis. The reliability and validity of the research instruments would also have been thoroughly addressed in this section, ensuring the rigor and credibility of the findings.
Chapter 4: Data Presentation and Analysis: This chapter presents and analyzes the data collected through the research methods described in Chapter 3. It likely uses statistical techniques to examine the relationships between FDI and various economic indicators in Nigeria. The chapter would have presented the key findings of the quantitative and qualitative analysis, likely including tables and charts illustrating the results. This chapter would have provided the empirical evidence that underpins the study's conclusions and recommendations.
Schlüsselwörter (Keywords)
Foreign Direct Investment (FDI), national economic development, Nigeria, economic downturn, economic growth, policy recommendations, alternative revenue sources, FDI impact, economic crisis.
Frequently Asked Questions: A Comprehensive Language Preview
What is the main topic of this research?
This research focuses on the impact of Foreign Direct Investment (FDI) on Nigeria's economic development, specifically examining the causes of Nigeria's economic downturn and proposing strategies to stimulate economic growth.
What are the key objectives of this study?
The study aims to determine the causes of Nigeria's economic downturn, ascertain the effects of FDI on the Nigerian economy, and suggest measures to accelerate Nigeria's economic development. It explores strategies to attract and utilize FDI effectively, and identifies alternative revenue sources for Nigeria.
What is included in the Table of Contents?
The Table of Contents includes: Chapter 1 (Introduction), Chapter 2 (Literature Review), Chapter 3 (Research Methodology), Chapter 4 (Data Presentation and Analysis), and Chapter 5 (Findings, Conclusion and Recommendations).
What are the key themes explored in the research?
Key themes include the causes of Nigeria's economic downturn, the effects of FDI on the Nigerian economy, strategies to attract and utilize FDI for economic growth, policy recommendations for economic strengthening, and alternative revenue sources for Nigeria.
What is covered in Chapter 1 (Introduction)?
Chapter 1 introduces the topic of FDI and its potential role in Nigeria's economic development. It outlines the problem statement, research questions, objectives, and scope of the study, highlighting the significance of FDI as a catalyst for economic growth.
What does Chapter 2 (Literature Review) encompass?
Chapter 2 delves into existing scholarly literature on FDI and its relationship with national economic development. It reviews theoretical frameworks and empirical studies exploring the determinants, impacts, and challenges associated with FDI, providing a foundation for the empirical investigation.
What is described in Chapter 3 (Research Methodology)?
Chapter 3 details the research design, data collection methods (primary and secondary data), and analytical techniques used in the study. It specifies the population, sample size, sampling procedures, and justifies the choice of statistical tools for data analysis.
What does Chapter 4 (Data Presentation and Analysis) present?
Chapter 4 presents and analyzes the data collected, using statistical techniques to examine the relationships between FDI and various economic indicators in Nigeria. It includes tables and charts illustrating the results and provides empirical evidence for the study's conclusions.
What keywords are associated with this research?
Keywords include Foreign Direct Investment (FDI), national economic development, Nigeria, economic downturn, economic growth, policy recommendations, alternative revenue sources, FDI impact, and economic crisis.
What types of data were used in this research?
Both primary data (e.g., questionnaires and interviews) and secondary data (e.g., existing statistics and reports) were used in this research.
What is the overall conclusion and recommendation of the research?
The specific findings, conclusions, and recommendations are detailed in Chapter 5, but the overall aim is to offer insights and solutions to improve Nigeria's economic situation through strategic FDI utilization and other policy measures. This is not explicitly detailed in the provided preview.
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- Prince Eze Chidi Nwauba (Autor:in), 2016, Foreign Direct Investment. A Panacea to National Economic Development in Nigeria?, München, GRIN Verlag, https://www.grin.com/document/910107
