%0 Journal Article
%T Foreign Direct Investment and its Effects on the Nigerian Economy
%A Omankhanlen Alex Ehimare
%J Business Intelligence Journal
%D 2011
%I 
%X This research study deals with the effect of Foreign Direct Investment on the Nigerian economy over the period 1980-2009.It helped examined empirically if the following growth determining variables in the economy-Balance on current account (Balance of payment), Inflation and Exchange rate have any effect on Foreign Direct Investment. Also if Foreign Direct Investment have any effect on Gross Domestic Product (GDP). Econometric models was developed to investigate the relationships between the aforementioned variables and foreign direct investment. Based on the data analysis it was discovered that foreign direct investments have positive and significant impact on current account balance in Balance of payment. While inflation was seen not to have significant impact on foreign direct investment inflows. The exchange rate has positive effect on foreign direct investment. Therefore it is recommended that for Nigeria to attract the desired level of FDI, it must introduce sound economic policies and make the country investor friendly. There must be political stability, sound economic management and well developed infrastructure.
%K Foreign direct investment
%K growth
%K human capital
%K OLS
%K Nigeria
%K infrastructure
%K balance of payment
%K inflation
%K exchange rate
%U http://www.saycocorporativo.com/saycoUK/BIJ/journal/Vol4No2/Article_4.pdf