Economic Liberalisation and Foreign Direct Investment in Nigeria: A Case Study of Songhai Integrated Farm System in Enugu State. Ifedi Francisca Obiageli

Ifedi, Francisca Obiageli (2018) Economic Liberalisation and Foreign Direct Investment in Nigeria: A Case Study of Songhai Integrated Farm System in Enugu State. Ifedi Francisca Obiageli. HOFA: African Journal of Multidisciplinary Research, 1 (2). pp. 40-56.

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Abstract

In today's capitalist production process, the liberalisaton of foreign direct investment has gained prominent ground in response to the demand of the global society. To meet up with the expectation, the Nigerian government since 1999, when the country embraced the wave of modern democracy strived to key into the globalisation agenda of economic liberalisation vis-a-viz foreign direct investment. Thus, the aim of this paper is to explore the impact of economic liberalisation on foreign direct investment, as it affects the agrarian economy in Nigeria. To achieve this, the theory of economic liberalisation was employed for analytical purposes. the data for the study were generated mainly from secondary sources, where the examinations of relevant documents and books were engaged. From the appraisal, it was established that economic liberalism which guarantees the removal of necessary obstacles to foreign direct investment, ensure the free flow of capital and investment from one country to another The Nigerian experience in the agricultural sector as witnessed in this paper demonstrated that foreign direct investment, in the agricultural sector promotes entrepreneurship and job creation. The implication is that economic liberalisation in the area of agricultural production enhances macro-economic activities and industrialisation and subsequent economic growth and development in a developing economic like Nigeria.

Item Type:	Article
Subjects:	H Social Sciences > H Social Sciences (General) H Social Sciences > HC Economic History and Conditions
Divisions:	Faculty of Management and Social Sciences
Depositing User:	mrs chioma hannah
Date Deposited:	23 Sep 2020 14:07
Last Modified:	23 Sep 2020 14:07
URI:	http://eprints.gouni.edu.ng/id/eprint/2698

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