Foreign Direct Investment in the Quest for Poverty Reduction in Nigeria

Emeka Nkoro and Aham Kelvin Uko

Economic Studies journal, 2023, issue 1, 109-125

Abstract: This study examined the direct and indirect impact of foreign direct investment (FDI) on poverty reduction in Nigeria using the Autoregressive Distributed Lag (ARDL) framework for the period 1981-2019. The results of the study revealed that foreign direct investment exerted a significant positive effect on economic growth and economic growth, in turn, significantly contributes to poverty reduction within the period of review 1981-2019. This implies that FDI indirectly contributes to poverty reduction via economic growth. Regarding the direct impact of FDI on poverty reduction, the study shows that FDI significantly exerted an adverse effect on poverty via relatively low income and loss of jobs. Similarly, the study shows that wage and private-sector credit contribute to poverty reduction.

JEL-codes: F21 F23 O10 O50 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:bas:econst:y:2023:i:1:p:109-125

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