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International Journal of
Commerce and Economics
ARCHIVES
VOL. 6, ISSUE 3 (2024)
Exchange rate and foreign direct investment: Evidence from Nigeria
Authors
Hauwa Yakubu Shehu, Aishatu Usman
Abstract

This study examine the impact of exchange rate on foreign direct investment inflows in Nigeria, adopting annual time series data relating to exchange rate volatility, foreign direct investment, GDP growth rate 2001-2022. Autoregressive technique was used. The findings of the study indicated that exchange rate volatility has a positive but insignificant impact on Nigeria’s foreign direct investment inflows also GDP has positive but insignificant impact on foreign direct investment inflows in Nigeria. The study recommends that government ensure policies that will boost investors' confidence and enable foreign companies to invest in the country's economy.

Exchange rate stability and national security is very important in attracting foreign investment inflows and avoid unnecessary reprinting of national currency.
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Pages:27-32
How to cite this article:
Hauwa Yakubu Shehu, Aishatu Usman "Exchange rate and foreign direct investment: Evidence from Nigeria". International Journal of Commerce and Economics, Vol 6, Issue 3, 2024, Pages 27-32
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