FOREIGN DIRECT INVESTMENT AND POVERTY REDUCTION IN NIGERIA (REGRESSION ANALYSIS USING OLS)

FOREIGN DIRECT INVESTMENT AND POVERTY REDUCTION IN NIGERIA (REGRESSION ANALYSIS USING OLS)

Abstract

The study examined the Foreign Direct investment and poverty reduction in Nigeria and to examine if foreign direct investment has significant run impact on poverty reduction in Nigeria and to evaluate if there is any significant casualty between foreign direct investment and poverty reduction in Nigeria. Foreign direct investment (FDI) granger cause per capital income but PCI does not granger cause FDI. Thus, there was uni-directional causality lt the result depicted the spread of adjustment to the long-run equilibrium. My policy recommendation on the part of (FDI) policy makers should pay increased attention to the overall role of FDl on poverty reduc1ion in light Of this, there should be provision of enabling environment that would provide a better incentive to attract FDI in flows. Foreign direct investment influence poverty reduction to really feel the impact of FDI, the government should ensure there is FDl in flow to real sector.