Determinants of Foreign Direct Investment in Nigeria

Abstract

The main objective of this study is to investigate and determine that how much the factors has impact on the FDI in Nigeria. Time series data over the period 1987-2017 used for the analysis by applying the Ordinary Least Squared (OLS) method findings of the study show that DI and POP are significant and positively related to the FDI. These variables boost up the FDI of the country and attracts the foreigner’s investorsUEMP is significant but has negative impact on the FDI. REM and INF are insignificant that means remittances and inflation are not taking the part in determining the FDI of the Nigeria