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Scholars Journal of Economics, Business and Management | Volume-3 | Issue-01
Provision of Infrastructural Facilities: A Panacea to Declining Foreign Direct Investment in Nigeria
Ejoh Ndifon Ojong, Okpa Inah Bassey, Orok, EkpoOrok-Duke
Published: Jan. 29, 2016 | 110 68
DOI: 10.36347/sjebm.2016.v03i01.002
Pages: 3-10
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Abstract
This study critically investigates the extent to which infrastructural development impact the inflow of Foreign Direct Investment (FDI) in the Nigerian economy with a scope covering the period between 1980 and 2010. With the survey design adopted as the research methodology, a sampled respondent of 120 was randomly selected and administered questionnaire, out of which 100 were returned on completion. The data collected were collated in tables with simple percentages used to analyze the responses. The result of findings from the hypothesis tested using ANOVA revealed that the level infrastructural facilities in a country determines the inflow of foreign direct investment. It was therefore recommended that government should ensure that adequate infrastructural facilities are put in place to serve as a ‘seduction strategy’ through which foreign direct investment is attracted.