THE IMPACT OF FOREIGN DIRECT INVESTMENT ON POWER SECTOR IN NIGERIA

Lawrence Igwe Oruta

Abstract


The paper appraises Foreign direct investment its increasing importance in the global economy. Analysis was carried out using the OLS and it was found that foreign direct investment was significantly related to the power sector output of the country. The result has an important implication in terms of policies that will attract foreign direct investment to the power sector of the country. Having seen that there is a long run relationship between foreign direct investment (FDI) inflow and power sector output. There is need to encourage FDI in Nigeria power sector.


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