JOURNAL OF BUSINESS & ECONOMY

FOREIGN DIRECT INVESTMENT CONTRIBUTION TO SOCIO ECONOMIC DEVELOPMENT ON DEVELOPING NATIONS: A CASE STUDY OF NIGERIA

EBIKEISEYE PATIMI (Ph.D), AMAKIRI JACKSON FRED (Ph.D), ELIZABETH, C. WOSOWEI (Ph.D)

November 5, 2025

Citation

JOURNAL OF BUSINESS & ECONOMY , Vol. 17 (1) (2025) , pp. 1-15

Details

ISSN: 2808-5428
Published: November 5, 2025
Status: Published

Abstract

This article examines the contribution of foreign direct investment (FDI) to socioeconomic development in developing countries, using Nigeria (1990 - 2022) as a detailed case study. The study focuses on the contributions of FDI to the  reduction of unemployment in Nigeria over the period. The study used  unemployment rate (UNEM) as the dependent variable while FDI, DIV, and CPS were used as independent variables. Using time series and ARDL regression  analysis and based on 5% level of significance, the paper finds that FDI credit to private sector, and domestic investment have contributed negatively to UNEM  rate growth, implying that increase in these variables can potentially reduce the unemployment rate in Nigeria. The study concludes that to combat  unemployment rate in Nigeria, FDI must be encouraged. It is therefore  recommended that domestic investments must be encouraged using credit to  private sector. 

Download Full PDF

This article is available as a PDF download

Published in JOURNAL OF BUSINESS & ECONOMY

ISSN: 2808-5428

This article appears in our peer-reviewed academic journal

View Journal

Explore similar research in our collection

RAW MATERIALS SOURCING AND SUSTAINABLE ENTREPRENEURSHIP AMONG SMALL-SCALE AGRO-PROCESSING COMPANIES IN OSUN STATE, NIGERIA

SALAUDEEN, ADEBISI GANIYAT, OBADARE, GRACE OLUWATOYIN, PhD, OMOYELE, SAMUEL OLUFEMI PhD, OYEKAN, MARVELLOUS ADETOLA, BAKARE, LAWAL A., PhD

Nov 15, 2025

The agro-processing sector in Nigeria, especially in Osun State, plays an important role in economic...

View Article