Impact of foreign direct investment on economic growth in Nigeria
Madugu DI, Bulus A and Yunusa Aliyu
The impact of foreign direct investment on economic growth in Nigeria is examined in this study with the use of secondary data sourced from the world development indicator from 1985 to 2023. The model adopted by this research work as empirical strategy to examine the relationship between foreign direct investment and economic growth is the auto regressive distributed lag (ARDL) model. The findings revealed that the impact of foreign direct investment on economic growth in Nigeria is negative in the short run but positive in the long run. The researchers therefore recommended that policymakers must create a stable and investment friendly environment to attract and retain high quality foreign investments.
Madugu DI, Bulus A, Yunusa Aliyu. Impact of foreign direct investment on economic growth in Nigeria. Int J Foreign Trade Int Bus 2025;7(2):48-53. DOI: 10.33545/26633140.2025.v7.i2a.173