Impact Of Direct Foreign Investment On Nigeria Economic Growth And Development In Nigeria.
ABSTRACT
Nigeria has been clamoring for foreign investment
and economic development in the country in the last few years. The inflow of
these foreign capitals into the country is strongly believed to be a
facilitator to economic growth and development, which in turn leads to
industrialization of the economy in the long run. This study, however evaluates
the extent of the impact of the direct foreign investment on the macro-economic
variables that ensure economic development in Nigeria. Multiple regression and
correlation analysis was used to test the relationship between dependent
variables, net exports, industrial production, real gross domestic product
(RGDP) and the independent variable-direct foreign investment. Time series data
from 1980 to 2008 were used for the analysis. It was discovered that each of
the three macro-economic variables is positively and significantly related to
direct foreign investments. In other words, direct foreign investment exerts
positive and significant. Influence on the real variables of economy. An
investment friendly environment and more incentives for foreign investment into
the country is therefore highly recommended.
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ADIWO, N (2021). Impact Of Direct Foreign Investment On Nigeria Economic Growth And Development In Nigeria. . Repository.mouau.edu.ng: Retrieved Dec 23, 2024, from https://repository.mouau.edu.ng/work/view/impact-of-direct-foreign-investment-on-nigeria-economic-growth-and-development-in-nigeria-7-2
NGOZI, ADIWO. "Impact Of Direct Foreign Investment On Nigeria Economic Growth And Development In Nigeria. " Repository.mouau.edu.ng. Repository.mouau.edu.ng, 05 Jul. 2021, https://repository.mouau.edu.ng/work/view/impact-of-direct-foreign-investment-on-nigeria-economic-growth-and-development-in-nigeria-7-2. Accessed 23 Dec. 2024.
NGOZI, ADIWO. "Impact Of Direct Foreign Investment On Nigeria Economic Growth And Development In Nigeria. ". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 05 Jul. 2021. Web. 23 Dec. 2024. < https://repository.mouau.edu.ng/work/view/impact-of-direct-foreign-investment-on-nigeria-economic-growth-and-development-in-nigeria-7-2 >.
NGOZI, ADIWO. "Impact Of Direct Foreign Investment On Nigeria Economic Growth And Development In Nigeria. " Repository.mouau.edu.ng (2021). Accessed 23 Dec. 2024. https://repository.mouau.edu.ng/work/view/impact-of-direct-foreign-investment-on-nigeria-economic-growth-and-development-in-nigeria-7-2