Determinants of Foreign Direct Investment and Nigerian Economic Performance (1970-2008)

Abstract

This study on foreign Direct Investment determinants and the Nigeria’s economy covering 38 years, was empirically done, and was discovered that exchange rate is a very important determinant influencing FDI inflow, and FDI is a significant variable influencing the economy (GDP) The study recommends that adequate programme (fight against corruption), structures and incentives (Tax exemption and reduced barriers) should be put in place to encourage FDI inflow.

Key words: Gross domestic product, Foreign Direct Investment Inflation rate, Interest rate Money supply.