The Impact of Foreign Direct Investment
[FDI] on Poverty Reduction in Nigeria
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Economic growth remains a necessary ingredient for poverty reduction. Recent studies suggested that growth tends to lift the incomes of the poor proportionately with overall growth. Investment is known to be the engine of sustainable growth and due to the huge gap that exist between the required rate of investment and the existing rate of savings in LDCs, thus FDI is a vehicle to generate growth and an important ingredient to poverty reduction.
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