September 10, 2025International Journal of Research and Innovation in Social Science

The Role of Foreign Direct Investment in Economic Development: The Nigeria Context (1981-2023)

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Foreign direct investment significantly boosts economic development in Nigeria, particularly in the short term.
The analysis indicates FDI leads to positive impacts on real gross domestic product, showcasing its role in growth.
Using an error correction model, the research examines both short-run and long-run effects of investment and other economic factors.
The findings suggest the need for reforms in policy to enhance foreign direct investment and stabilize the economic environment.

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Implication

Observational analysis highlights significant short-run effects of foreign direct investment on economic development in Nigeria, indicating strategies for stabilization and growth.

Cite This Study

Ayogoi et al. (2025) studied this question.

synapsesocial.com/papers/68c2404eb210217d6479aa90 https://doi.org/10.47772/ijriss.2025.915ec0064

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Implication

Observational analysis highlights significant short-run effects of foreign direct investment on economic development in Nigeria, indicating strategies for stabilization and growth.

The Role of Foreign Direct Investment in Economic Development: The Nigeria Context (1981-2023)

Key Points

Discussion

Implication

Cite This Study

The Role of Foreign Direct Investment in Economic Development: The Nigeria Context (1981-2023)

Key Points

Discussion

Implication

Cite This Study