CRITICAL APPRAISAL OF FOREIGN DIRECT INVESTMENT (FDI) IN NIGERIA

ABSTRACT

The research work became necessary because of the huge sum experided as well as the incentive available to foreign investors and yet we have not experienced the much needed to influx of FDI.

FDI being the catalyst for industrial and economic development is needed to develop every fact of the Nigeria n policy. Moreover, the tenets of traditional economic theory stated that capital moves from developed economy to under-developed economy where labour is cheap and abundant un-tapped resources. This work seeks to find out why FDI remain low in Nigeria and hence prefer solution. The review of related literature was carried out with emphasis on Nigeria incentives towards attracting FDI and the determinants of FDI; which include market size, openness, political risk etc.

Research Methodology was used which highlighted the approach to the solving of the problems, methods of data collections, research instruments and sources of data. The data collected through questionnaire administration were code into Data Analysis Sheet using liker scale-weight and label. The analysis was carried out using measure of effectiveness. The result arrived at was tested by 5% significance test before its acceptance. Finally, based on the findings in literature review, interviews and questionnaire, the last chapter focused on summary of these findings, conclusion and recommendations on how to attract FDI in Nigeria.