Impact Of Foreign Direct Investment On Economic Development In Nigeria:- Okwun Kingsley K.

ABSTRACT

 This research work examined the impact of Foreign Direct Investment on economic development in Nigeria from 1992-2008. Data were accessed from CBN statistical bulletin and other official sources. Econometric methodology, of the form of ordinary least squares were used to analyze the ensuing data and also to test the proposed hypotheses. The key outcome of the work is that there is significant relationship between foreign direct investment (manufacturing sector) and economic development. It is recommended that Government of Nigeria should endeavour to attract Foreign Direct Investment in other relevant sectors of the economy for further development of the economy.