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Title: Determinants of Foreign Direct Investment (FDI) in Nigeria: an empirical investigation.
Authors: Salako, H. A.
Adebusuyi, B. S.
Keywords: Foreign Direct Investment (FDI),
Trade and exchange rate,
Capital Income,
Issue Date: Mar-2001
Publisher: Central Bank of Nigeria, Research Department.
Citation: Salako, H. A. and Adebusuyi, B. S. (2001). Determinants of Foreign Direct Investment (FDI) in Nigeria: an empirical investigation. Economic and Financial Review, 39(1), 20–39.
Series/Report no.: Vol. 39;No. 1
Abstract: This paper examines, empirically, the determinants of foreign direct investment (FDI) in Nigeria. The results indicate that exchange rate, government capital investment in infrastructure and credit to the domestic economy are some of the main factors that influence FDI flow to Nigeria. In particular, it shows that the ratio of external debt to GDP (Debt/GDP) was an important determinant of the flow of foreign investment. FDI was also observed to be sensitive to domestic interest rate and real per capita income. The study also highlights the need to maintain political stability in order to attract FDI.
ISSN: 1957 - 2968
Appears in Collections:Economic and Financial Review

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