An appraisal of foreign direct investment’s influence on job creation in Nigeria’s manufacturing sector: A study of Ogun State (2000–2020).
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Background of the study
Foreign direct investment (FDI) plays a pivotal role in driving economic development by introducing capital, technology, and managerial expertise. In Ogun State, the manufacturing sector has experienced transformation through increased FDI inflows from 2000 to 2020. These investments have led to modernized production processes, expanded operational capacities, and enhanced competitiveness, which in turn contribute to significant job creation (Ibrahim, 2023). Empirical evidence suggests that FDI not only boosts productivity but also facilitates skill development and improves labor market dynamics. However, challenges such as regulatory bottlenecks, infrastructural deficits, and a lack of local capacity sometimes limit the full potential of FDI in generating employment (Chinwe, 2024). This study appraises the influence of FDI on job creation in Ogun State’s manufacturing sector, analyzing the mechanisms through which investment inflows lead to employment opportunities and identifying factors that moderate this relationship (Oluwaseun, 2023).
Statement of the problem
Despite increased FDI in Ogun State, job creation in the manufacturing sector remains below expectations due to regulatory challenges, infrastructural weaknesses, and insufficient integration with local labor markets (Ibrahim, 2023; Chinwe, 2024). These factors limit the employment benefits of FDI and hinder sustainable industrial growth. The study aims to identify these barriers and propose measures to optimize FDI’s role in job creation.
Objectives of the study:
- To evaluate the impact of FDI on job creation.
- To identify challenges limiting FDI-induced employment.
- To recommend strategies to enhance FDI’s job creation potential.
Research questions:
- How does FDI influence job creation in Ogun State’s manufacturing sector?
- What factors impede the employment benefits of FDI?
- What policy interventions can enhance job creation?
Research Hypotheses:
- FDI positively influences job creation in manufacturing.
- Regulatory bottlenecks reduce FDI’s employment impact.
- Improved local integration enhances FDI-induced job growth.
Significance of the study
This study is significant as it examines how FDI contributes to job creation in Nigeria’s manufacturing sector in Ogun State. The insights will guide policymakers and investors in formulating strategies that maximize employment benefits from FDI, thereby fostering industrial growth and economic development (Ibrahim, 2025).
Scope and limitations of the study:
This study is limited to evaluating the impact of FDI on job creation in Ogun State’s manufacturing sector, focusing on regulatory and infrastructural factors.
Definitions of terms:
- Foreign Direct Investment (FDI): Investment by a firm or individual in one country into business interests in another.
- Job Creation: The process of generating new employment opportunities.
- Manufacturing Sector: Industries involved in producing goods through processing raw materials.
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