Foreign Direct Investment Inflows and Oil Exports in Nigeria: Cointegration and Vector Error Correction Model Approach

The aim of this paper is to examine the long run relationship between FDI inflows and oil exports in Nigeria. Past empirical studies have failed to examine the long run relationship between FDI and oil sector of the economy in the recent time, which has created a gap in the literature Data was collected from CBN Statistical Bulletin and UNCTAD investment report from 1990 to 2016, and various diagnostic tests such as Unit Roots and Johansen conitegration were estimated. Consequently, Vector Error Correction model was employed to address the objective of this study. It was established from this study that a long-run relationship between FDI inflows, oil exports, exchange rate and inflation existed in Nigeria, while the error correction term submits that about 38% error made in the previous year was corrected in the current year in the country. However, the findings that emerged in this work necessitated the following recommendations for the policy makers, investors and future researcher. The policy makers in Nigeria should see oil exports among others as the backbone behind the inflows of FDI in the country and should be sustained. In addition, the proceeds from oil exports should be diversified and invested in the non-oil sub sector of the economy in order to stimulate a favourable exchange rate which can further encourage further inflows of FDI in the country. Finally, it is needful to ensure that the policy measures are initiated and implemented without a delay for the desired effects to be reflected on time in the country. &nbsp

Foreign direct investment inflows and regulation in Nigeria: an empirical perspective

The aim of this study is to examine the long run equilibrium relationship between regulation and FDI inflows in Nigeria over the period of 1990 to 2016 which past studies have failed to explore. Consequently, the study utilized data from UNCTAD, World Bank database, CBN Statistical Bulletin and Cointegration, DOLS and Granger Causality approach was used to address the objective of this study. However, the major findings in this study are summarized as follows. Government effectiveness, rule of law and inflation rate have a significant positive relationship with FDI inflows in Nigeria in the long run, apart from regulation quality that is not significant. This implies that regulation is favorable to the inflows of cross border investment in the country. In addition, there is a unidirectional feedback relationship which runs from FDI inflows to regulation quality and one way feedback relationship runs from the rule of law to government effective-ness in the country. Finally, due to the findings that emerged from this study, the following recommendations are made for the policy makers, investors and future researchers in Nigeria that when attraction of FDI inflows are the target of the policy makers in the country, improving variables like rule of law, government effectiveness and regulation quality will induce the inflows of cross border investment accordingly in the long run. Also, the Nigerian government should be committed to the provision of a sound business environment in the form of good government regulations to ensure rapid inflows of FDI in the country

Impact of Workplace Diversity and Inclusion on Organisational Productivity in Nigeria: A Case Study

The aim of this paper is to investigate the impact of workplace diversity and inclusion on organisational productivity using United Bank for Africa (UBA), Ikeja as a case study. A well-structured questionnaire was utilised to collect data from a sample of UBA, Ikeja's selected workers using convenience sampling method. Using the Cronbach Alpha statistic, the test of validity determined that the acquired answers were adequate and dependable. The obtained data was analysed using descriptive statistics and regression analysis to assess the impact of employee diversity and inclusion on organisational performance, as well as the impact of the obstacles associated with employee diversity and inclusion on organisational performance. The findings demonstrated that the coefficients for employee diversity and employee inclusion are positive; however, the p-value for employee inclusion is statistically significant while the p-value for employee diversity is not. This demonstrates that although employee diversity and inclusion have good effects on organisational productivity at UBA, only employee inclusion has a significant effect. This suggests that the challenges of diversity and inclusion have a detrimental impact on UBA's organisational productivity. Consequently, these findings indicate that participating in employee diversity and inclusion increases organisational productivity