Domestic Capital Flow VS Foreign Capital InFlow in Nigeria: Which One Matter Most?

Udi JOSHUA; Adewale BEKE; Peter Chika UZOMBA

Article Details

Domestic Capital Flow VS Foreign Capital InFlow in Nigeria: Which One Matter Most?

Authors:

Udi JOSHUA | Adewale BEKE | Peter Chika UZOMBA

Publisher:

Kirklareli University

Main Topics:

Sociology and anthropology

Journal:

Kırklareli Üniversitesi Sosyal Bilimler Dergisi 2021 Vol.5 Issue 1, pp.29-50

Document Type:

Article

Publication Date:

6/2021

Document Language:

Turkish

Document ID (Org No.):

2000526169

Frequency:

Bi-Annual

eISSN:

2602-4314

Abstract:

 

The path to achieving economic expansion as well as the ultimate economic development is the greatest macroeconomic goal sought after by all global economies. Traditionally, these resources are classified as labour and capital. Therefore, we focus on the capital factor and its impact on economic advancement. This study classifies the capital resource capital into two categories namely domestic and foreign capital and to compare their respective influence on economic expansion. The results show that domestic capital is more influential in promoting the cause of economic expansion whereas external debt demonstrates the serious level of threat to the course of economic expansion in Nigeria. Thus, this study recommends the need for the authority concern to look inward in resolving it economic challenges through domestic mobilization of resources . Sourcing for external capital should strictly take the form of FDI and foreign aids to augment the domestic capital for economic reasons with the view to expand the productive capacity of the economy.

Article Details

Domestic Capital Flow VS Foreign Capital InFlow in Nigeria: Which One Matter Most?

Authors: Udi JOSHUA | Adewale BEKE | Peter Chika UZOMBA

Publisher: Kirklareli University

Main Topics: Sociology and anthropology

Journal: Kırklareli Üniversitesi Sosyal Bilimler Dergisi 2021 Vol.5 Issue 1, pp.29-50

Document Type: Article

Publication Date: 6/2021

Document Language: Turkish

Document ID (Org No.): 2000526169

Frequency: Bi-Annual

eISSN: 2602-4314

Issues

Authors:

Udi JOSHUA | Adewale BEKE | Peter Chika UZOMBA

Publisher:

Kirklareli University

Main Topics:

Sociology and anthropology

Journal:

Kırklareli Üniversitesi Sosyal Bilimler Dergisi 2021 Vol.5 Issue 1, pp.29-50

Document Type:

Article

Publication Date:

6/2021

Document Language:

Turkish

Document ID (Org No.):

2000526169

Frequency:

Bi-Annual

eISSN:

2602-4314