Abstract
This study looks at how foreign direct investment in Nigeria from 2000 to 2022 is affected by insecurity. An improvement over the previous approach, the methodology used in this study was based on the co-integration test and the Ordinary Least Squares (OLS) regression method. As a result, the researcher used secondary sources for data when analyzing the data. The results showed that while ease of doing business and foreign direct investment have a favorable impact on foreign direct investment, there is a negative association between all components of the national terrorism index (NTI) and FDI. All of these independent factors are significant in explaining the dependent variable, according to the OLS result. The government should implement policy orientation and enhance its trade policies, according to the study's recommendations. The goal of these strategies ought to be to boost the economy's foreign direct investment. The research has shown that foreign direct investment is positively and significantly impacted by ease of doing business. As a result, the government should work to make it easier to do business in order to boost foreign direct investment and, in turn, boost economic growth. The results also showed that trade openness has a detrimental effect on foreign direct investment; in light of this, the government should strengthen trade regulations in order to attract more foreign direct investment.
Citations
IRE Journals:
Emmanuel Abiodun Ayangbemi , Okeke Stanley Chukwujekwu , Adedeji Michael ISHOLA
"Impact of Insecurity on Foreign Direct Investment in Nigeria (1990-2022)" Iconic Research And Engineering Journals Volume 8 Issue 5 2024 Page 20-29
IEEE:
Emmanuel Abiodun Ayangbemi , Okeke Stanley Chukwujekwu , Adedeji Michael ISHOLA
"Impact of Insecurity on Foreign Direct Investment in Nigeria (1990-2022)" Iconic Research And Engineering Journals, 8(5)
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