An Analysis of Foreign Direct Investment in Nigeria the Fate of Nigerias Agricultural Sector

An Analysis of Foreign Direct Investment in Nigeria; the Fate of Nigeria's Agricultural Sector

Project / Seminar Material
Reference ID: PS-2828-TM

DEDICATION

This research material titled “An Analysis of Foreign Direct Investment in Nigeria; the Fate of Nigeria's Agricultural Sector” is dedicated to God for his enabling grace, and to all computer enthusiasts who contributed to make life a pleasant experience during my research documentation.

ACKNOWLEDGEMENT

I extend my sincere gratitude to all those who contributed to the completion of this project. Special thanks to my Supervisor (Name of your Supervisor), the Head of Department (Name of your HOD), the Lecturers in the department of Agricultural Economics and Extension, Book Authors and Profound Scholars of existing or related project material on “An Analysis of Foreign Direct Investment in Nigeria; the Fate of Nigeria's Agricultural Sector” for their invaluable guidance, support, and expertise throughout the journey.

I am also grateful to your study area (mention any funding organizations, if applicable) for their financial assistance. This research would not have been possible without the encouragement and assistance of some stakeholders (mention any mentors, teachers, or colleagues). Additionally, I would like to acknowledge the understanding and patience of my family and friends during this endeavor. Your unwavering support has been a constant source of motivation. Thank you all for being part of this meaningful endeavor.

ABSTRACT

Investment is the process of adding to capital (Arene and Okpukpara, 2006). Lack of capital has been implicated as the major sustenance of the vicious circle of poverty. This is due to its negative effect on production capacity. In developing countries, national income is low; hence savings and investment are low. Low investment translates to low capital stock, low productivity and low output as well as low income. In terms of agricultural productivity, Arene and Okpukpara (2006) hold that massive application of capital to land in form of land reclamation and critical productive inputs improve its productivity. In Keynesian terminology, real investment refers to addition to capital (as a factor of production) which leads to increase in the levels of production and income (Jhingan, 2003). Thus, real investment includes new plant and equipment, construction of public works like dams, road, building, net foreign investment, inventories, and stocks and shares in new companies.

According to Jhingan (2003), investment could be induced or autonomous. Induced investment is profit or income motivated. On the other hand, autonomous investment is independent of the level of income. In reality, there are three major determinants of investment. These are the cost of capital asset, expected rate of return and the market rate of interest. These factors are embedded in Keynes' concept of marginal efficiency of capital (MEC). MEC expresses the highest rate of return from an additional unit of a capital asset or fund over its cost or opportunity cost.

An Analysis of Foreign Direct Investment in Nigeria; the Fate of Nigeria’s Agricultural Sector

CHAPTER ONE

1.1 Introduction

… As a prelude to other parts of this study, this chapter will discuss the background upon which this study was initiated, the statement of problems that led to this study, the Aim and Objectives of the study. Others are Significance of the study, Scope of work, Research hypothesis and questions, Limitation of the study and Definition of technical terms.

…

CHAPTER TWO

2.0 Literature Review

2.1 Introduction

This chapter focuses on the review of related literature. A literature review includes the current knowledge as well as theoretical and methodological contributions to a particular topic. It documents the state of the art with respect to the topic you are writing. It surveys the literature in the topic selected. In this research work the literature review includes the …

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