FOREIGN DIRECT INVESTMENT AND EMPLOYMENT RATE IN NIGERIA

KAMAL, ADEKUNLE (2020) FOREIGN DIRECT INVESTMENT AND EMPLOYMENT RATE IN NIGERIA. In: 2ND INTERNATIONAL CONFERENCE, 10-11 NOVEMBER 2020, THE FEDERAL POLYTECHNIC, ILARO, OGUN STATE..

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Abstract

This study explored the impact of foreign direct investment on employment rate in Nigeria from 1989 to 2018. The motivation for this study is driven by the new attention being given to the drive for foreign direct investment especially in developing economies in an attempt to increase employment rate in Nigeria. The study employed Augmented Dickey-Fuller (ADF) and Ordinary least square (OLS) method techniques. The variables employed include foreign direct Investment, foreign aids; it was revealed that the p-value FDI gives an output of 0.0045 which is lesser than the alpha level of significant at 0.05.Exchange Rate and Trade openness. The result revealed that, there is significant relationship between foreign direct investment and employment level in Nigeria. Also, findings of this study found out that foreign aids and trade openness have no significant relationship with employment level in Nigeria. It is therefore, recommended that government should create a competitive environment so as to maximize the benefit of foreign direct investment because by exposing foreign investors to management and technology. FDI can assist a country like Nigeria to achieve the higher growth rate and brings about improvement in employment and reduces unemployment level in the country.

Item Type:	Conference or Workshop Item (Paper)
Subjects:	H Social Sciences > H Social Sciences (General)
Divisions:	Faculty of Law, Arts and Social Sciences > School of Management
Depositing User:	Unnamed user with email [email protected]
Date Deposited:	04 Oct 2021 13:51
Last Modified:	04 Oct 2021 13:51
URI:	http://eprints.federalpolyilaro.edu.ng/id/eprint/1750

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