Impact of foreign direct investment in the economic development of Nigeria Department:Banking and Finance By: ultimeight Project ID: 2931 Rating: (3.1) votes: 16 Price:₦1000 Get the Complete MaterialAbstractThe study analyzed the impact of Foreign Direct Investment (FDI) on Nigeria's economic growth over the period of 1987 - 2017. The main type of data used in this study is secondary sourced from various publications of Central Bank of Nigeria, such as Statistical Bulletin, Annual Reports and Statement of Accounts. The regression analysis of the ordinary least square (OLS) is the estimation technique that is being employed in this study to determine the relationship between and impact of the Direct Foreign Investment on economic growth. The findings revealed that economic growth is directly related to the inflow of foreign direct investment and it is also statistically significant at a 5% level which implies that a good performance of the economy is a positive signal for inflow of foreign direct investment. This implies that foreign direct investment is an engine of economic growth. The paper recommended that the government should liberalize the foreign sector in Nigeria so that all barriers to trade such as arbitrary tariffs import and export duties and other levies should be reduced so as to encourage investors. Keywords: Foreign Direct Investment, Economic Growth, OLS, CBN, Nigeria ...Preview Download Preview +Other Banking and Finance project topics and materials you might be interested in»The role of central bank of Nigeria (CBN) in the development of Nigeria financial sector»Appraisal of the economic implication of electronic banking in Nigerian banks (A case study of diamond bank)»The impact of strategic planning on banks performance in Nigeria (A case study of united bank for Africa plc)»Evaluation of the impact of liquidity management on banks performance in Nigeria ( A case study of UBA )»The roles of central bank of Nigeria in the prevention of bank failure or liquidation (A case study of central bank of Nigeria 2005-2009)»The role of financial institutions in promoting banking habit and saving capital formation in Nigeria»The effect of electronic banking on fraud reduction in bank (A case study of access bank plc)»The effectiveness of monetary policy measures in controlling inflation in Nigeria»Problems and challenges facing finance houses in the Nigerian economy ( A case study of mortgage bank owerri )»The role of deposit money bank in Nigeria in economy development in Nigeria - a case study of Access Bank Plc»Motivation as a way of reducing fraud in banking industry ( A case study of UBA and Fidelity bank )»Identification and management of bad debts in Nigeria commercial banks(A case study of UBA plc)»The impact of insurance industry on the economic growth of Nigeria (A case study of nicon and hallmark insurance companies 2005-2009)»The contribution and effect of computer to modern day banking in Nigeria (A case study of zenith bank and first bank plc)»The use of accounting information in assessing control and performance in an organization (A case study of first bank of Nigeria owerri)