An analysis of Foreign Direct Investment in （外国直接投资的分析）.pdf

PAT December 2010; 6 (2): 15-25 ISSN: 0794-5213 Online copy available at /currentissue Publication of Nasarawa State University, Keffi An analysis of Foreign Direct Investment in Nigeria: The Fate of Nigeria’s Agricultural Sector. 1Ogbanje, E C, 2Okwu, O. J and 3Saror, S.F. ogbanjece@; +2348036350197 1Department of Agricultural Management, University of Agriculture, Makurdi 2Department of Extension and Communication, University of Agriculture, Makurdi 3Institute of Food Security, University of Agriculture, Makurdi Received 11th June, 2010, Accepted 19th December, 2010 Abstract The study analysed the fate of the agricultural sector in relation to foreign direct investment (FDI) in Nigeria. Data for the study were obtained from the Central Bank of Nigeria’s statistical bulletin from 1970 to 2007. Findings revealed that of the seven sectors into which FDI was classified, agricultural sector got the least average net flow of investment (N553.6132), while manufacturing and processing sector had the highest mean net investment flow (N 28,267.00) as depicted in the Duncan Multiple Range Test. The Least Square Difference of the Post Hoc Test showed that mean difference in net FDI between agricultural sector and manufacturing and processing sector (N-27,713.40), mining and quarrying sector (N-25,754.30), and miscellaneous (N-19,490.80) were significant at 0.01 level of probability. One-way ANOVA revealed that the difference in net flow of FDI to the