Description
ABSTRACT
The study examines the private sector as the engine of economic growth and development in Nigeria. A model was specified and data were collected from the period of 1980-2010. The method used in this research work is the ordinary least square (OLS) regression model and variables which are: gross domestic product (GDP) as the dependent variable while foreign private investment (FPI), domestic private investment (DPI), total private savings (TPS), and total bank loans (TBL) are the independent variables and are all significant except total private savings that is insignificant. From the regression result, the following findings were made The estimate coefficients which are 0.8999687 {FPI} shows that a 1 percent increase in foreign private investment will cause 89.9 per cent increase in GDP, 0.0851059 {DPI} shows that a 1 percent increase in domestic private investment will cause an 8.5 per cent increase in GDP, 0.2444129 {TBL} shows that a 1 percent increase in total bank loans will cause 24 per cent increase in GDP. – 0.0268498 {TPS} shows that a 1 percent increase in total private savings will cause 2.6 per cent decrease in GDP.. I recommend that there should be policies that will attract foreign investors; such policies could be the reduction of corporate tax rate. Incentives should be given to local investors to enable them compete with foreign investors world-wide. Policies also should be made against the transfer of capital and profit from Nigeria to foreign countries as it drains the income meant for national development. The government should also maintain political stability in the economy because unstable environment discourages investors.
TABLE OF CONTENTS
Title page
Approval page
Dedication
Acknowledgement
Abstract
CHAPTER ONE:
Introduction
1.1 Background of the study
1.2 Statement of the problem
1.3 Objectives of the study
1.4 Research questions
1.5 Research hypothesis
1.6 Significance of the study
1.7 Scope and limitation of the study
CHAPTER TWO:
Literature Review
2.1 Literature review
2.2 Theoretical literature
2.3 Empirical literature
2.4 Limitation of the previous studies
CHAPTER THREE:
Research Methodology
3.1 Introduction
3.2 Method of data analysis
3.3 Model specification
3.4 sources of data collection
3.5 justification of data collection
3.6 Evaluation technique
CHAPTER FOUR:
Presentation And Analysis Of Results
4.1 Presentation and interpretation of results
4.2 economic a priori criteria
4.3 Statistical criteria (First-order test)
4.4 Econometrics criteria
CHAPTER FIVE:
Summary, recommendations, and
Conclusion
5.1 Summary
5.2 Recommendations
5.3 Conclusion
Bibliography
Appendices