Busari, Ismail Alani and AJIBODE, I. A (2022) FOREIGN DIRECT INVESTMENT AND DEVELOPING ECONOMY: NIGERIA EXPERIENCE (2010-2020). In: 3rd INTERNATIONAL CONFERENCE, THE FEDERAL POLYTECHNIC, ILARO, AUGUST 2022, The Federal Polytechnic, Ilaro.
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Conference paper on FDI.pdf Download (296kB) |
Abstract
The part played by Foreign Direct Investment (FDI) in the rate of economic growth of Nigeria is the focus of this study. Annual time series data covering forty-four quarters from Q1 2010 to Q4 2020 extracted from the statistical bulletin of the Central Bank of Nigeria (CBN) and Pro-share publications of the National Bureau of Statistics (NBS) was used for this study. It was intended in this study to investigate the level of FDI inflow into an economy with dearth of infrastructure which is one of the major economic drivers. ARDL model was employed to relate foreign direct investment with GDP. Findings from the study revealed that FDI has significant and positive impact on Nigeria economy. It was concluded that government should endeavour to formulate and review extant policies that will encourage both domestic and foreign investors to invest more in Nigeria economy. Monetary policies that will address economic growth indices in order to increase per capita real income and reduce unemployment rate should as well be formulated.
| 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: | 01 Nov 2024 11:29 |
| Last Modified: | 01 Nov 2024 11:29 |
| URI: | http://eprints.federalpolyilaro.edu.ng/id/eprint/2367 |
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