THE EFFECT OF FOREIGN DIRECT INVESTMENT ON NIGERIA'S INDUSTRIAL GROWTH

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ABSTRACT

The study analyzes the effect of Foreign Direct Investment on Nigeria's Industrial Growth. Economists have observed that the effect of Foreign Direct Investment on Nigeria's Industrial Growth is a positive one. However, this project, through various researches and data analysis has shown that there exist a negative relationship between FDI and Industrial Growth in Nigeria for the 30years period chosen(1991-2021) as against the general believe of many theorists The main objective of the study is the examine the effect of Foreign Direct Investment on Nigeria's Industrial Growth. This research work covers a 30years period between 1991-2021. The Error Correction Mechanism was used to carry out the regression. The type of Data used was the secondary Data collection method. The ADF was used to test for Stationarity of the variables under study.

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