MACRO-ECONOMIC ENVIRONMENT AND FOREIGN DIRECT INVESTMENT IN NIGERIA

Christopher K. Dike, Chibueze A. Aniebo

Abstract


The study investigated the role of macroeconomic environment in FDI inflows in Nigeria and found a joint significant effect of all variables chosen as proxies for the macroeconomy. A linear equation and F test were used. Most core proxies were individually significant, exhibiting the expected signs except growth of the economy which proved to be not significant, as well as current account balance which showed a negative relationship. We recommend a highly co-ordinated and focused development plan implementation. In particular, we recommend priority attention to infrastructural development and security challenges as well as an overhaul of training facilities in the country.


Keywords


macroeconomic environment; FDI; foreign investment; Nigeria

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References


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