Foreign Private Investment And Economic Growth In Nigeria

Despite the increased flow of investment to developing countries in particular, Sub-Sahara African (SSA) countries, Nigeria inclusive, are still characterized by low per-capita income, high unemployment rates and low and falling growth rates of GDP, problems which foreign private investment are theoretically supposed to solve. The Nigerian government has been focusing on policies that will help attract foreign investors and yet the economy is still dwindling. It is against this background, that this study analyzed the direction and significance of the effect of foreign private investment on economic growth in Nigeria. Secondary data for the period 1970 to 2005 was used for the study. Among the findings was that Foreign Private Investment, Domestic Investment growth and Net Export growth were positively related to economic growth in Nigeria. More so, the Foreign Private Investment, Domestic Investment growth, Net export growth and the lagged error term were statistically significant in explaining variations in Nigeria's economic growth.Foreign Private Investment, Domestic Investment Growth, and Economic Growth

Macroeconomic Policies and Pro-Poor Growth in Nigeria

Recently the depth and severity of extreme poverty in Nigeria has been alarming. And over the years, the government undertook some macroeconomic policies with the aim of reducing, if not totally eradicating poverty. These policies were expected to at least raise the standard of living of Nigerians. The impact of these policies on alleviating poverty has been contentious. Some studies in the past have argued that the poor has benefited more from these policies while some found that there was positive real growth yet poverty and inequality still worsened. This can be traced to the nature of growth pursued and the macroeconomic policies that underline it. This study empirically evaluates macroeconomic policies vis-?-vis pro-poor growth in Nigeria using secondary data covering the period 1960-2000. The study found among others that economic growth in Nigeria has been slightly pro-poor. This implied that growth was actually weakly pro-poor. Also, those that are far below the poverty line have not really been enjoying the benefits of growth. Infact, the benefits getting to them has been decreasing at an increasing rate. More so, economic growth in rural areas will be slightly more pro-poor than in urban areas. Overall, growth in Nigeria is not necessarily always pro-poor. --

Macroeconomic Policies and Pro-Poor Growth in Nigeria

Recently the depth and severity of extreme poverty in Nigeria has been alarming. And over the years, the government undertook some macroeconomic policies with the aim of reducing, if not totally eradicating poverty. These policies were expected to at least raise the standard of living of Nigerians. The impact of these policies on alleviating poverty has been contentious. Some studies in the past have argued that the poor has benefited more from these policies while some found that there was positive real growth yet poverty and inequality still worsened. This can be traced to the nature of growth pursued and the macroeconomic policies that underline it. This study empirically evaluates macroeconomic policies vis-?-vis pro-poor growth in Nigeria using secondary data covering the period 1960-2000. The study found among others that economic growth in Nigeria has been slightly pro-poor. This implied that growth was actually weakly pro-poor. Also, those that are far below the poverty line have not really been enjoying the benefits of growth. Infact, the benefits getting to them has been decreasing at an increasing rate. More so, economic growth in rural areas will be slightly more pro-poor than in urban areas. Overall, growth in Nigeria is not necessarily always pro-poor

FOREIGN PRIVATE INVESTMENT AND ECONOMIC GROWTH IN NIGERIA

Despite the increased flow of investment to developing countries in particular, Sub-Sahara African (SSA) countries, Nigeria inclusive, are still characterized by low per-capita income, high unemployment rates and low and falling growth rates of GDP, problems which foreign private investment are theoretically supposed to solve. The Nigerian government has been focusing on policies that will help attract foreign investors and yet the economy is still dwindling. It is against this background, that this study analyzed the direction and significance of the effect of foreign private investment on economic growth in Nigeria. Secondary data for the period 1970 to 2005 was used for the study. Among the findings was that Foreign Private Investment, Domestic Investment growth and Net Export growth were positively related to economic growth in Nigeria. More so, the Foreign Private Investment, Domestic Investment growth, Net export growth and the lagged error term were statistically significant in explaining variations in Nigeria's economic growth.Foreign Private Investment, Domestic Investment Growth, and Economic Growth