Effect of Foreign Direct Investment on Human Development in West Africa

Mohammed Musa Adamu, Associate Prof Obumneke Ezie PhD. and Dr. Marvelous Aigbedion PhD
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Mohammed Musa Adamu: Department of Economics, Bingham University, Karu- Nigeria
Associate Prof Obumneke Ezie PhD.: Department of Economics, Bingham University, Karu- Nigeria
Dr. Marvelous Aigbedion PhD: Department of Economics, Bingham University, Karu- Nigeria

International Journal of Research and Innovation in Social Science, 2025, vol. 9, issue 1, 3590-3599

Abstract: The study examined the differential effect of foreign direct investment on human development in West Africa using panel data from 2010 to 2022. The study adopted the Panel Quantile regression in analyzing the data and the study found noticeable variations across the 25th, 50th and 75th quantile levels in the effect of FDI on human development in West Africa. The result of the study found that FDI has negative effect on human development in West African countries with low HDI while it has positive effect on human development in West African countries with high HDI and the effect is stronger in countries at the 75th quantile HDI level. The study therefore recommends that West African countries should solve the insecurity and other macroeconomic problems facing the region to direct the region to a sustaining growth path that will attract more FDIs.

Date: 2025
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