FOREIGN DIRECT INVESTMENT, ECONOMIC GROWTH AND UNEMPLOYMENT IN NIGERIA

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Abstract 


The rate of unemployment has always been calling for attention in most of the sub-Saharan Africa countries. The situation is also pertinent in Nigeria despite inflow of foreign direct investment (FDI) and rise in gross domestic product (GDP). The study investigates the impact of FDI and GDP on unemployment in Nigeria using time series data spanning 1981 to 2017; descriptive and inferential  statistics  of ordinary  least  square (OLS)  method  were used. Results of the analysis reveal there is growth and expansion in both FDI and GDP over the years, while further results from OLS show that both FDI and GDP have significant impact on unemployment rate in Nigeria 

for the period under study. In view of this, it is recommended amongst others that government should develop a reliable and attainable macroeconomic framework that will accelerate and ensure employment generation through the expansion and increase in FDI and GDP in the country. 


Keywords: Economic Growth, Gross Domestic Product, Foreign Direct Investment, Marxist, OLS and Unemployment.

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APA

Sodiq olaide, B. & bankole, O (2020). FOREIGN DIRECT INVESTMENT, ECONOMIC GROWTH AND UNEMPLOYMENT IN NIGERIA. Afribary. Retrieved from https://afribary.com/works/foreign-direct-investment-economic-growth-and-unemployment-in-nigeria

MLA 8th

Sodiq olaide, Bisiriyu, and Osinusi Bankole "FOREIGN DIRECT INVESTMENT, ECONOMIC GROWTH AND UNEMPLOYMENT IN NIGERIA" Afribary. Afribary, 24 Jun. 2020, https://afribary.com/works/foreign-direct-investment-economic-growth-and-unemployment-in-nigeria. Accessed 27 Jul. 2021.

MLA7

Sodiq olaide, Bisiriyu, and Osinusi Bankole . "FOREIGN DIRECT INVESTMENT, ECONOMIC GROWTH AND UNEMPLOYMENT IN NIGERIA". Afribary, Afribary, 24 Jun. 2020. Web. 27 Jul. 2021. < https://afribary.com/works/foreign-direct-investment-economic-growth-and-unemployment-in-nigeria >.

Chicago

Sodiq olaide, Bisiriyu and Bankole, Osinusi . "FOREIGN DIRECT INVESTMENT, ECONOMIC GROWTH AND UNEMPLOYMENT IN NIGERIA" Afribary (2020). Accessed July 27, 2021. https://afribary.com/works/foreign-direct-investment-economic-growth-and-unemployment-in-nigeria