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Pyrex Journal of Business and Finance Management Research

February 2017 Vol. 3(2), pp. 86-97

ISSN: 2550-7877

Copyright © 2017 Pyrex Journals




Full Length Research Paper


Impact of Foreign Direct Investment (Fdi) on the Growth of the Nigerian Economy


Fatima Mai Hamza

Yobe State Government, Yobe, Nigeria.

Corresponding Author E-mail: fatimamaihamza@yahoo.com

Accepted 12th January, 2017



Abstract


The need for Foreign Direct Investment (FDI) both to host and receiving countries cannot be over emphasized, this is as a result of the financial returns, bilateral or multilateral good relations, etc. This research has contended that Foreign Direct Investment (FDI) can have important positive effects on a host country’s development effort. In addition to the direct capital financing it supplies, FDI can be a source of valuable technology and technical know-how while fostering linkages with local firms that help jumpstart an economy. Based on these arguments, industrialized and developing countries have offered incentives to encourage Foreign Direct Investments (FDI) in their economies. We examine the future policies for Nigeria and possible way outs.

Keywords: Investment, economy, growth, Nigeria.

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