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ABSTRACT
The study examines the impact of Foreign Direct Investment on Industrial sector in Nigeria. It is hypothesized that FDI has no impact on Industrial Output, and Domestic Investment has no relationship with Industrial Output. Thus, an investigation of the level of FDI inflow and that of domestic investment on industrial output in Nigeria becomes imperative. The modified Chenery and Strout (1960) Dual-Gap Model was utilized as the theoretical justification, while Error Correction Mechanism (ECM) estimation techniques is used as the estimation technique. Our findings reveal, amongst others, that foreign ix direct investment and domestic investment complemented each other, and both positively impacted on the level of industrial outputs in Nigeria within the period under focus. Arising from the foregoing, we recommended among others, on the need for government and all relevant stakeholders involved in investment to actively participate in investing in the domestic economy which, if effectively carried out will increase the level of domestic productivity within the country. In this regard, both small and medium scale enterprises should be encouraged as a drive towards raising the level of domestic investment and ultimately resulting to growth in industrial output.
