Economic development and foreign direct investment in Nigeria - a study of textile industries 2015 – 2023 Department:History and International Studies By: muhalhq Project ID: 8205 Rating: (5.0) votes: 1 Price:₦4000 Get the Complete MaterialAbstractThis study investigates the relationship between economic development and Foreign Direct Investment (FDI) in Nigeria’s textile industry from 2015 to 2023. The Nigerian textile sector, historically significant for its cultural and economic contributions, has faced substantial challenges in recent years. Despite its past role in job creation and economic diversification, the industry has struggled with outdated technology, infrastructural deficiencies, and competition from cheap imports. This decline has impacted employment, government revenues, and economic growth, positioning the sector at a critical juncture. The primary aim of this research is to analyze how FDI has influenced the economic development of Nigeria’s textile industry over the specified period. The study's objectives include examining the industry's historical background and current state, evaluating FDI’s impact on job creation, technology transfer, and production capacity, and identifying challenges associated with FDI. Key research questions focus on the evolution of the industry, the effects of FDI on production and exports, and the challenges faced by the sector. This research utilizes a mixed-methods approach, combining primary data from interviews with stakeholders, including industry experts and policymakers, with secondary data from academic literature, industry reports, and governmental publications. The findings reveal that FDI has positively impacted productivity and technological advancement, with foreign-invested firms showing significantly higher productivity rates compared to domestic counterparts. However, challenges persist, including market dominance by foreign entities, environmental concerns, and fluctuating cotton prices. The study concludes that while FDI presents opportunities for revitalizing the industry, strategic policies are essential to ensure sustainable growth and protect local businesses....Preview Download Preview +Other History and International Studies project topics and materials you might be interested in»A precolonial history of Ngbo people»The significance of law enforcement agencies on crime management in Nigeria - the Nigeria Police Force, Kogi state chapter»Evolution and development of electoral agencies in Nigeria: a case study of INEC in Kano state, 1998-2015»A history of muslim-christian activities in Fagge local government area»Missionary enterprise and the development of Ikwo economy - an appraisal of the Norwegian Church Agriculture Project (NORCAP)»A history of Hausa marriage ceremony and its transformation in Kano»The impact of Nyanya market to the development of Abuja municipal council from 1999 till date»Aspects of Ikwo colonial history from 1900 to 1960»Festival as unifying factor among Bida people - a case study of Bariki festival in 21st century»A history of western education in Minna town, 1976 - 2015»Groundnut oil production and processing in Lokoja, Kogi state - The role of women 1960 - 2000»Contemporary relations between the Tangale Kingdom and Gombe Emirate from 1960 to 2021»Investigation into the causes and effects of the Ethiopia and Eritrea war»The historical development of western education in Lemu community via Gbako lga in Niger State»Impact of poverty in Minna metropolis from 2000 - 2019