An Assessment Of The Impact Of Foreign Direct Investment On Nigerian Economic Growth

Abstract

This study assess the impact of Foreign Direct Investment in Nigerian economic growth. Data from Central Bank of Nigeria (CBN) Statistical Bulletin was used. The Ordinary Least Square (OLS) technique was specified and used to examine the relationship between the variables which includes the Gross Domestic Product as the dependent variable, export, Exchange rate, foreign direct investment and trade openness as the independent variables.

The explanatory power of the model was given by the R² of 85.5% and was subjected to t-test and f-test to test the significance of the independent variables.

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