Authors : Oziegbe and Tope Rufus
Abstract: This study examined the impact of sectoral foreign direct investment inflow on growth in Nigeria. Data for the study were extracted from Central Bank of Nigeria bulletin and the UN statistics. The estimation is done by cointegration technique. The study found FDI inflow to the agricultural sector to have an insignificant positive effect on economic growth in Nigeria whereas FDI inflow to the manufacturing sector has positive and significant effect on economic growth in Nigeria. The study therefore recommends that policies aimed at attracting FDI inflow to the other sectors other than the agricultural and extractive sectors be entrenched.
Oziegbe and Tope Rufus, 2012. Foreign Direct Investment and Economic Growth in Nigeria: A Disaggregated Approach. Pakistan Journal of Social Sciences, 9: 275-278.