Impact Of Foreign Direct Investment To Nigeria Economic Growth

This project examined the nexus between foreign direct investment(FDI)and the economic growth of Nigeria.Generally,policies and strategies of Nigerian Government towards FDI are shaped by two principal objectives of desire for economic independence and the demand for economic development.From related research and studies,it was revealed that the level of FDI in Nigeria is not adequate.Ordinary least square regression technique and equations was adopted in the analysis of the secondary data.From the findings,it was discovered that increased inflow of FDI in Nigeria is a major pathway towards achieving the economic growth.The project therefore recommended among others,the encouragement of domestic investors first before going after foreign investors in addition to Nigeria adopting its own growth and development strategy not on the basis of ideology,but based on its own geographical,historical,economic,political and socio cultural realities.