THE IMPACT OF FOREIGN LOAN AND FOREIGN INVESTMENT ON THE NIGERIAN ECONOMY (A CASE STUDY OF FIRST BANK OF NIGERIA PLC, BIRNIN KEBBI BRANCH, KEBBI STATE)

ABSTRACT The study examined the impact of foreign direct investment (FDI) in Nigeria over the period 1980 to 2010. The study employed multiple regressions in analysis, using the ordinary least square (OLS) regression technique. The result at this revealed that FDI impacted positively on the growth of the Nigeria economy over the period under study. Europe and the far east. The study examines an analysis of the impact of foreign direct investment on Nigeria’s economic growth over the period of 1980-2010. The Nigerian government needs to come up with more friendly economic policies and business environment which will attracts foreign investment into virtually all the sectors of the economy. The point in that is absolutely nothing wrong in foreign capital as a source of financing development if such finds our property utilized and directed as areas where they will yield reasonable benefits to the economy. It is forth handily for instance to borrow finance postage projects that would finance postage projects that would yield little or no returns and thus locatable of sources and liquidity the loans. Based on this, the study recommended the provision of adequate infrastructure and policy framework that will be conducive for doing business in Nigeria, so as to attract the inflow of FDI necessary to stimulate growth.

TABLE OF CONTENTS Title Page - - - - - - - - i Certification    - - - - - - - ii Approval Page  - - - - - - - iii Dedication    - - - - - - - iv Acknowledgement   - - - - - - v Abstract  - - - - - - - - vi  Table of Content      - - - - - - vii
CHAPTER ONE GENERAL INTRODUCTION 1.0   Introduction of the Study - - - - 1 1.1   Statement of the Problem- - - - 1 1.2   Research Questions/hypothesis      - - 7 1.3   Purpose of the Study - - - - - 3 1.4   Scope of the Study   - - - - - 3 1.5   Plan of the Study     - - - - - 3 1.6   Limitation of the Study    - - - - 4
CHAPTER TWO: 2.0   Literature Review     - - - - - 5 2.1   Reason Against Foreign Investment & Loan     6 2.2   Nigerian Foreign Indebtedness - - - 7 2.3   Technology and Economy Development   - 9 2.4   Gains of Foreign Direct Investment  - - 11 2.5   Theoretical Literature - - - - 13 2.6   The Theory of Foreign Direct Investment - 16 2.7   Empirical Literature - - - - - 19 2.8   Foreign Direct Investment and Multinational Corporation    - - - - - - 22 2.9   Ownership and Control Structure of Foreign Direct Investment    - - - - - 25 2.10 Foreign Loans  - - - - - - 26 2.10.1 Advantages of Foreign Loans and Investment 27 2.11 Economic Development   - - - - 31 2.12 Summary of Literature and Justification of the Study     - - - - - - 32

CHAPTER THREE: RESEARCH METHODOLOGY 3.0   Research Methodology     - - - - 34 3.1   Introduction     - - - - - - 34 3.2   Research Design      - - - - - 34 3.3   Population of the Study   - - - - 34 3.4   Sample    - - - - - - - 34 3.5   Source of Data - - - - - - 35 3.5.1 Primary Source- - - - - 35 3.5.2 Secondary Source    - - - - - 35 3.6   Instrument of Data Collection  - - - 36 3.7   Method of Data Analysis - - - - 36
CHAPTER  FOUR: 4.0   Presentation and Analysis Of Data  - - 38 4.1   Introduction     - - - - - - 38 4.2   Interpretation and Analysis of Data - - 38 4.3   Test of Hypothesis   - - - - - 44 4.4   Result Interpretation- - - - 46 4.4.1Analysis of Result Base on Economic (Criteria) 46 4.5   Analysis Based on Statistical Criteria      - 47 4.6   Result Interpretation- - - - - 54 4.6.1Analysis of Results Based on Economic Criteria 54 4.7   Summary of Finding- - - - - 55
CHAPTER FIVE 5.0   Summary, Conclusion and Recommendation  56 5.1   Introduction     - - - - - 56 5.2   Summary - - - - - - - 56 5.3   Conclusions     - - - - - - 56 5.4   Recommendations   - - - - - 57
Bibliography    - - - - - - 59 Questionnaire - - - - - -