Impact of Foreign Direct Investment on Business Growth in Nigeria

Imoh S. Akpan, Godswill F. Nkamiang, Gabriel O. Agbo & Uwazie I. Uwazie

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Abstract

The Study sought to determine the relationship between foreign direct investment and business growth, as well as the limiting factors that affect foreign direct investment in Nigeria. It focused on the impact of Foreign Direct Investment on business growth in Nigeria. The study used primary and secondary data. It adopted a descriptive research design, mostly quantitative data. Regression model and Pearson correlation coefficient were used to test the hypotheses of the study. It was found out that there is a positive relationship between foreign direct investment and business growth in Nigeria. The study concluded that the government and the monetary authorities should design policies and programmes that will encourage investors to invest in Nigeria. Therefore, there is need to have a stable political and economic environment and improve the level of security at all levels in the country

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