Journal of Economics and Business

ISSN 2615-3726 (Online)

ISSN 2621-5667 (Print)

Published: 13 March 2020

Foreign Direct Investment and Economic Growth Of Nigeria (1980-2018)

F. O. Chinyere Osunkwo

Abia State University Uturu, Nigeria

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10.31014/aior.1992.03.01.206

Pages: 398-403

Keywords: Investment, Economic Growth, Inflow

Abstract

This work examined the impact of foreign direct investment on the economic growth of Nigeria from 1980-2018, secondary data from CBN statistical bulletin of various issues were used. Regression analyses was carried out using the OLS method, it was found out that R2 was found to be 81.4%, which shows that the model was highly fitted, while Adjusted R2 was 80.9%, which shows that the model was highly correlated, because the 80% change in RGDP, is explained by Foreign direct investment and employment level in the economy during the period under review, the other19.1% may be explained by other variables not included in the model.

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