IAAJAH - IGWEBUIKE: An African Journal of Arts and Humanities
Vol. 10 No. 2, 2024
FOREIGN DIRECT INVESTMENT ON EMPLOYMENT GENERATION IN NIGERIA
Akinnigbagbe Omolara and Achema Friday, PhD

ABSTRACT

The study looks at how foreign direct investment affected employment generation in Nigeria for the past 24 years, from 1999 to 2022. Ex-post research design was used in the study. The Central Bank of Nigeria statistical bulletin was used for the study's data collection. The Augmented Dickey- Fuller (ADF) test was used in the study's unit root test and pre-test analysis. Regression was utilized after analyzing the unit root test. The study discovered a positive and considerable effect of foreign direct investment on employment generation in Nigeria. The study suggested that Government should make concerted efforts to attract more of foreign investors into Nigeria so as to encourage production and generate employment opportunities. Government of Nigeria should ensure that FDI are in major sectors of the economy such as oil and gas, manufacturing and banking.

Keywords: Foreign Direct Investment, Employment Generation, Nigeria and Employment Creation
VIEW FULL TEXT

Our Motto: "African Heritage Inspiring Global Innovation", summarizes the objectives of this great institution. IRI is an international organization that is registered (RC1621015) under the Laws of the Federal Republic of Nigeria.

Contact

Address

© 2025 Igwebuike Research Institute