Economics and Business
Quarterly Reviews
ISSN 2775-9237 (Online)
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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