Foreign Direct Investment and Economic Growth in Nigeria

The book 'Foreign Direct Investment and Economic Growth in Nigeria' delves into the intricate relationship between foreign direct investment (FDI) and economic growth in Nigeria. The book aims to provide a comprehensive analysis of how FDI influences Nigeria's economic growth trajectory. It starts by elucidating the concept of foreign direct investment, emphasizing its significance as a catalyst for economic development. It delineates various forms of FDI, such as greenfield investments, mergers and acquisitions and joint ventures, while also discussing the determinants and motivations behind FDI inflows. It further delves into Nigeria's historical experience with FDI, tracing its evolution from the colonial era to the present day. It examines key policies and events that have shaped Nigeria's attractiveness to foreign investors, as well as sectors that have traditionally received the most FDI. The book expounds on different economic growth models relevant to Nigeria's context, which includes endogenous growth theory, and the role of human capital accumulation. It discusses how FDI fits into these frameworks and its potential to augment domestic productivity and growth.