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THE ROLE OF INVESTMENT IN ECONOMIC DEVELOPMENT OF NIGERIA: A CASE STUDY OF NEW NIGERIA DEVELOPMENT COMPANY LIMITED (NNDC)
ABSTRACT
This project work is concerned with the determination of the role of investment in economic development of Nigeria, while New Nigeria Development Company Limited (NNDC) was used as a case study. NNDC incorporated in 1949 is a development finance institution jointly owned by the sixteen (16) Northern States with their equity ownership varying in different proportions. The company is based in Kaduna and its subsidiaries in other member states, and also with investment in various sectors and subsectors of the economy throughout the country. The study revealed the role of investment as a catalyst in the development process, which is associated to its interactive effect on income, saving and further capital accumulation. It is observed that the acquisition of industries lead to increased
per capita income, reduction in unemployment, economic inequality and absolute poverty. Therefore the role of investment in economic development was viewed from the perspective of industrialization. In this regard, the study discovered that NNDC made significant contributions to the development of Nigeria economy with respect to its investment activities, provision of employment, development of human resources and advancing loans to
other companies directly or by guarantee. However, some shortcomings were observed in the NNDC operations and
recommendations were made based on the findings of the study.
TABLE OF CONTENT
Title page- – – – – – – – – i
Approval page – – – – – – – -ii
Dedication – – – – – – – – -iii
Acknowledgement – – – – – – – -iv
Abstract – – – – – – – – – -v
Table of content – – – – – – – -vi
CHAPTER ONE
INTRODUCTION – – – – – – – -1
1.0 Background of the study – – – – -1
1.1 Statement of the problem – – – – -5
1.2 Purpose of the study – – – – – -6
1.3 Significance of the study – – – – -8
1.4 Research questions – – – – – -9
1.5 Scope of the study – – – – – – -10
CHAPTER TWO
LITERATURE REVIEW – – – – – – -11
CHAPTER THREE
Research methodology – – – – – – -39
Design of study – – – – – – – -40
CHAPTER FOUR
Presentation, analysis and interpretation of data – -48
CHAPTER FIVE
Summary of findings – – – – – – -60
Conclusion – – – – – – – – -61
Recommendations – – – – – – – -62
Suggestions for further research – – – – -64
References – – – – – – – – -65
Appendix I – – – – — – – – -68
Questionnaire. – – – – – – – -69
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