All books bought on the website can only be read on the app. Download Jackobian to have access to your materials
The study investigated the effect of foreign direct investment (FDI) on economic growth in Nigeria,
which is currently Africa’s largest economy, and also determined the long-run relationship between FDI
and economic growth in Nigeria from 1981 to 2017. The study adopted the autoregressive distributed
lag modelling approach and ordinary least square in the analysis. The empirical results revealed that
FDI has a positive and significant relationship with economic growth in Nigeria within the period under
review. The study concluded and recommended that Nigerian Government should formulate policies
that will attract more FDI in all sectors of the economy especially in the service and manufacturing
sectors, so as to improve the infrastructural facilities and production of goods in the country and also
expand its labour force. Finally, there is need to improve the educational policy of the country in order
to raise the stock of human capital in the country that will make useful policies for the attraction for
productive FDIs in the country.
