THE IMPACT OF SOCIAL GLOBALIZATION ON FOREIGN DIRECT INVESTMENT

IN NIGERIA; A STUDY OF SELECTED ORGANIZATIONS IN LAGOS

BY

EKEAGU RITA UCHE

MATRIC NO: 199088034

A PROJECT SUBMITTEDTO THE DISTANCE LEARNING INSTITUTE,

UNIVERSITY OF LAGOS, IN PARTIAL FULFILMENT OF THE REQUIREMENTS
FOR THE AWARD OF THE DEGREE OF MASTER OF SCIENCE (M.Sc.) IN PUBLIC
AND INTERNATIONAL AFFAIRS

MARCH, 2023

CERTIFICATION
I, Ekeagu Rita Uche do hereby certify that the work embodied in this research work was carried

out by me and is original. It has not been submitted in part or in full to this institution or any

other institution for the award of a degree or diploma.

__________________________ __________
Dr. J. L. Omojolaibi Date

DEDICATION
This work is dedicated to God Almighty, who saw me through and my parents for their moral

support and prayers.

 ACKNOWLEDGEMENT

My immeasurable gratitude goes to the Almighty God, from whom every good thing comes. In
the same vein, my unflinching appreciation goes to my supervisor, Dr. J. A. Omojolaibi for
bringing his/her inestimable academic prowess to bear in the quality of this work. May God bless
him/her. I wish to equally register my indebtedness to the Head of Department of public and
international affairs, University of Lagos, and all the lecturers who taught me in my course work
and also rendered constructive criticisms of this written work: …………,………. as well as
…………... My heart-felt thanks also goes to the owners and Chief Executive Officers of the
businesses in Lagos State for their kindness and the rare cooperation I enjoyed from them during
my research mission to their establishments especially the those who even at the risk of incurring
the wrath of their employers accepted and completed my questionnaire. Similarly, I am deeply
indebted to my parents, Mr/Mrs Ekeagu for their prayers and moral support in pursuit of this
programme. In the same way, my appreciation goes to my siblings Ebere Ekeagu and Irene
Igboka as well as my friends and well-wishers.
God bless you all
 ABSTRACT

The major concern of this research work is to examine the impact of social globalization on
foreign direct investment in Nigeria. The objective of this study was to examine the extent to
which trade liberalization, technological advancement and capital flow influence foreign direct
investment in Nigeria. A convenient sampling technique was used to draw a sample of one
hundred and eighty sic (186) respondents comprising of male and female from selected
organizations in Lagos state. Relevant data was obtained through the administration of
questionnaire and were analyzed using the Frequency Distribution Analytical Method while
Pearson product moment correlation method was used to test the hypotheses. The major findings
of this study showed that there is significant relationship between trade liberalization,
technological advancement and capital flow and foreign direct investment in Nigeria. In
addition, that there is positive and significant relationship between capital flow and
manufacturing productivity in the Nigerian business environment. Findings also revealed that
access to sufficient and adequate capital has been the basis for our improved productivity in
business organizations. The study concluded that the extent of Foreign Direct Investment and
trade openness showed that the Nigerian economy is gaining from globalization which is evident
in high GDP growth but the economy is yet to gain more by diversifying its exports hence,
recommended that efforts should be directed towards building and sustaining strong institutions
as well as providing necessary environment for boosting the potentials of optimizing the net
positive benefits of globalization in Nigeria.
 TABLE OF CONTENTS

TITLE PAGE I

APPROVAL PAGE II

CERTIFICATION III

DEDICATION IV

ACKNOWLEDGEMENTS V

TABLE OF CONTENTS VI

ABSTRACT

CHAPTER ONE: INTRODUCTION

1.1 Background to the Study 1
1.2 Statement of the Problem 4
1.3 Purpose of the Study 6
1.4 Research Questions 6
1.5 Research Hypothesis 6
1.6 Significance of the Study 7
1.7 Scope of the Study 7
1.8 Operational Definition of terms 8
1.9 Plan of the Study 9

References 10

CHAPTER TWO: LITERATURE REVIEW

2.1 preamble 11
2.2 Conceptual Framework 11
2.3 Theoretical Framework 24
2.4 Reviewed Related Literature 27
References 29

CHAPTER THREE: RESEARCH METHODOLOGY

3.1 Preamble 32

3.2 Research Design 32

3.3 Population of the Study 32

3.4 Sampling, Procedure and Sample Size 33

3.5 Data Collection Instrument and Validation 33

3.6 Method of Data Analysis 34

3.7 Limitations of the Methodology 34

References 36

CHAPTER FOUR: PRESENTATION OF RESULTS AND ANALYSIS OF DATA

4.1 Preamble 37
4.2 Analysis of Respondents According to Socio-Demographic Characteristics 38
4.3 Analysis of Questionnaire Items Related to the Variables of Study 41
4.4 Test of Hypotheses 47
4.5 Discussion of Findings 51
References 52

CHAPTER FIVE: DISCUSSION, RECOMMENDATIONS, AND CONCLUSION

5.1 Preamble 53
5.2 Summary 53
5.3 Conclusion 54
5.4 Recommendations 55
Bibliography 57
APPENDICES 61