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The study examined the impact of foreign direct investment on the Nigerian manufacturing
sector over the period of 1970 to 2010. In evaluating the objectives, the study employed the
classical linear regression model and discovered that within the period under review, FDI
impacted negatively on the manufacturing sector. Although the paper found FDI to be
negatively related to manufacturing output in Nigeria, this unhealthy relationship can be
reversed if the country receives increased FDI inflows into critical sectors that support the
necessary inputs and raw materials needed by the local industries. The study therefore
recommends that competitive policies should be enacted by the government that will ensure
proper functioning of the markets necessary to attract well targeted foreign investors in Nigeria.
Also, foreign companies that kill local productive and manufacturing efforts should not be
allowed to operate in Nigeria’s local business environment
