Benefit Foreign Direct Investment and Economic Growth of Nigeria

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The Foreign Direct Investment might benefit the Nigerian economy in the following ways:

  • FDI brings in capital into the country for investment in long term assets.
  • There is an inflow of modern technology besides better management practices.
  • FDI creates new employment besides training in new skills.
  • FDI improves efficiency and productivity in various industries, thus enabling better resource
    utilization.
  • MNCs who bring in FDI would also not only assure that there is a considerable exportable
    surplus, but also ensure that these are marketed at attractive prices.
  • the logistics and transportation infrastructure, including ports and roads would improve
    because of FDI.
  • The increased foreign exchange earnings would allow the government to import products which are in short supply, enabling the citizens to have a better quality of lif
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