The impact of foreign direct investment on the development of manufacturing industries in the Nigerian economy

TL;DRAbstract

The present study investigates the impact of foreign direct investment (FDI) on the development of manufacturing industries in Nigeria. The Study first reviews previous work on the developed countries (LDCs). Second, the study describes and analyses the changes in Nigeria's economic structure as a result of the establishment and growth of manufacturing industries between 1960 and 1974. Third, the study examines the comparative behaviour of foreign and local firms. in Nigerian manufacturing industries, with respect of employment policy, technology choice, industrial concentration, output growth, technical efficiency and their balance of payments impact. This examination is undertaken through the testing of specific hypotheses to highlight the impact of ownership characteristics in the above areas. In brief, the conclusions are: Empirical results, based on discriminant analysis and non-parametric tests indicate that nationally of ownership is significantly related to the choice of techno

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