IMPACT OF FOREIGN DIRECT INVESTMENT ON THE ECONOMIC GROWTH IN NIGERIA (1986-2010)

INTRODUCTION Various classifications have been made on Foreign Direct Investment (FDI). For instance, FDI has been described as investment made so as to acquire a lasting management interest (for example, 10 percent of voting stock) and at least 10 percent of equity shares in an enterprise operating in another country other than that of the investor’s country (Mwillima, 2003). Policy makers believe that FDI produces positive effects on host economies. Some of these benefits are in the form of externalities and the adoption of foreign technology (Alfaro et. al, 2006). According Alfaro et. al, 2006, multinational enterprises (MNEs) diffuse technology and management know-how to domestic firms. When FDI is undertaken in high risk areas or new industries, economic rents are created accruing to old technologies and additional management styles. It has been theorized by development economists that the integration of developing countries with the global economy increased sharply in the 1990s with changes in their economic policies and lowering of barriers to trade and investment.
CHAPTER ONE INTRODUCTION 1.1Background of the Study 1.2Statement of the Problem    1.3Objectives of the Study 1.4Research Questions 1.5Statement of Hypothesis  1.6Significance of the Study 1.7    Scope of the study
CHAPTER TWO  2.0LITERATURE REVIEW  2.1Introduction  2.2 Concept of Foreign Direct Investment in Nigeria 2.3Theoretical Framework  2.3.1FOREIGN DIRECT INVESTMENTS AND DEVELOPMENT: PROPONENTS AND ANTI-PROPONENTS. 2.3.2Impact of FDI on Economic Growth in Nigeria  2.3.3Some Stylized Facts about FDI in Nigeria  2.3.4 FDI and Firm Growth 2.5Sectoral Analysis of FDI inflow in Nigeria        
CHAPTER THREE RESEARCH METHODOLOGY 3.1 Introduction 3.2 Resign Design  3.3 Population of and the Study 3.4 Source of Data Collection 3.5 Method of Data Collection 3.6 Method of Data Presentation and Analysis 3.7Summary 
CHAPTER FOUR DATA PRESENTATION, ANALYSIS AND INTERPRETATION 4.1Introduction 4.2Respondent Characteristics 4.3Data Presentation and Analysis 4.4Test of hypothesis 4.5Summary of Findings
CHAPTER   FIVE SUMMARY, CONCLUSION AND RECOMMENDATION 5.1 Summary 5.2   Conclusion 5.3    RECOMMENDATIONS REFERENCE