The Impact Of Foreign Investment On The Development Of Nigeria Economy

INTRODUCTION 1.1STATEMENT OF THE PROBLEM AND PURPOSE OF THE STUDY Investment generally speaking is a function of saving. Without saving there can be no investment. Saving on the other hands is a function of income. This is because excess of income over expenditure lead to saving.In Nigeria however, the average income level is very low. In view of this, investment level is very low compared to the level necessary to make the economy grow.This therefore gives rise to a need for foreign investment to fill up the gap. When this is done, the economy can them grow at a reasonable rate.Unfortunately,…