An investigation of the impact of foreign direct investment on technology transfer in Nigeria: A case study of Ogun State (2000–2020)
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Background of the study :
Foreign direct investment (FDI) is widely recognized as a catalyst for economic transformation, particularly through its role in facilitating technology transfer. In Ogun State, which has emerged as a hub for industrial and technological activities, FDI has played a crucial role in introducing modern technologies and managerial practices between 2000 and 2020 (Ijeoma, 2023). Technology transfer via FDI not only enhances the productivity and competitiveness of local industries but also contributes to overall economic development by fostering innovation and skills development. While FDI inflows are seen as beneficial, challenges such as limited absorptive capacity, inadequate infrastructure, and regulatory constraints can hinder the effective transfer of technology (Chukwu, 2024). This study examines the extent to which FDI has facilitated technology transfer in Ogun State by analyzing investment patterns, industry performance, and the diffusion of technological innovations. Through both quantitative data analysis and qualitative interviews with industry stakeholders, the research aims to provide a comprehensive evaluation of the channels through which FDI influences technology transfer and to identify policy measures that can enhance this process (Emeka, 2025).
Statement of the problem
Despite significant FDI inflows into Ogun State, the expected benefits of technology transfer have not been fully realized. Factors such as limited local capacity, infrastructural bottlenecks, and restrictive regulatory environments have impeded the absorption of advanced technologies by domestic firms. This gap between FDI inflows and effective technology transfer limits the potential for improved productivity and innovation. Consequently, there is a need to critically assess the mechanisms of technology transfer through FDI and to identify the challenges that prevent local industries from leveraging these investments for technological advancement (Ijeoma, 2023).
Objectives of the study:
- To evaluate the impact of FDI on technology transfer in Ogun State.
- To identify barriers hindering effective technology diffusion.
- To recommend policy measures for enhancing technology transfer.
Research questions:
- How does FDI influence technology transfer in Ogun State?
- What challenges limit the absorption of new technologies?
- What strategies can improve technology transfer outcomes?
Research Hypotheses:
- H₁: FDI significantly contributes to technology transfer in Ogun State.
- H₂: Infrastructural and regulatory challenges reduce technology absorption.
- H₃: Policy interventions can enhance the efficiency of technology transfer.
Significance of the study
This study is significant as it investigates the role of FDI in promoting technology transfer in Ogun State. The insights gained will help policymakers and investors identify key obstacles and opportunities to maximize the benefits of foreign investments. The findings are expected to contribute to a better understanding of how to leverage FDI for sustainable industrial growth and technological advancement (Chukwu, 2024).
Scope and limitations of the study:
This study is limited to investigating the impact of FDI on technology transfer in Ogun State only.
Definitions of terms:
- Foreign Direct Investment (FDI): Investment by a firm or individual in one country into business interests in another.
- Technology Transfer: The process of disseminating technological innovations from one entity to another.
- Ogun State: A southwestern state in Nigeria noted for its industrial development.
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