Business, Management and Accounting
4 years ago

Foreign Direct Investment found to hinder economic growth in Nigeria.

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Journal of Economics and Sustainable Development
An Analysis of Foreign Direct Investment (FDI) and Economic Growth: Empirical Results from Nigeria
Damina Hamid Babawulle

Paper Summary

Foreign Direct Investment (FDI) was analyzed in relation to Nigeria's economic growth from 1981 to 2014. The study used a model to see how FDI affected the country's growth. Surprisingly, the results showed that FDI had a negative impact on Nigeria's economic growth during this time period. This goes against the idea that FDI helps boost a country's economy.

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