Foreign Direct Investment and Nigeria Economy Growth

Rasheed Abolaji Folarin
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Rasheed Abolaji Folarin: Ministry of Transportation

REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, 2021, vol. 22, issue 4, 608-615

Abstract: Foreign Direct Investment (FDI) is key to the success of world economic system and a major impetust for development, flow of capital and human resources from one country to another. This study examines the nexus between Foreign Direct Investment (FDI) and some macroeconomic variables in Nigeria during the period of 2010-2017. Ordinary Least Square (OLS) technique was used to assess the relationship. The study reveals that Foreign Direct Investment (FDI) has positive relationship with chosen economic variables namely Gross Domestic Product (GDP), Gross Fixed Capital Formation (GFCF) and Export (EXP). The study recommends that government should formulate policies to attract foreign investors, create enabling environments and strengthen the institutional factors.

Keywords: Foreign direct investment; Economic growth; Gross domestic product; Technology innovation; Export. (search for similar items in EconPapers)
JEL-codes: L83 M12 M52 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:rom:rmcimn:v:22:y:2021:i:4:p:608-615

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