Dynamic Relationship between Foreign Direct Investment and Trade in Nigeria’s Non-Oil Sector | Chapter 11 | Current Topics on Business, Economics and Finance Vol. 9

This unit investigated the dynamic friendship between different direct investment and trade in Nigeria’s non-lubricate sector between 1981 and 2015. Foreign Direct Investment (FDI) has long happened a burning topic of excellent interest and debate in several savings around the world. In the research, there are many reasons as to reason FDI has become a much-reviewed topic of interest by scholars and procedure makers. Our empirical results displayed a significant complementary connection between Nigeria's private non-oil FDI stock and non-oil exports. Meanwhile, no connection was observed between ingoing non-oil FDI stock and non-lubricate import and non-oil total profession. The study adopted the Multinational Enterprise Theory. The theory engaged to address the apparent inadequacy of the approximate advantage foundation in explaining trade and different investment and concentrate on the organize of innovation, belongings of economies of scale, and, to some extent, the part of uncertainty. In order to accomplish this, private FDI stock in Nigeria's non-oil industry complements the subdivision's exports, hence growing non-oil exports automatically. We likewise found that, particularly over the temporary, economic happening strengthened the complimentary link middle from two points inward FDI stock in the non-oil area and aggregated and disaggregated trade versification.  Therefore, appropriate inward FDI stock is necessary to boost the export performance of Nigeria’s non-lubricate sector, which would help transform the fiscal income and foreign exchange sources external the traditional oil and vapor sector.

Author(s) Details:

Ihebuluche Fortune,
Department of Economics, Sharda University, Greater Noida, Utter Pradesh, India.

Kafayat Olanrewaju,
Department of Economics, University of Ibadan, Nigeria.

Sunil Joshi,
Department of Finance, Sharda University, Greater Noida, UP, India.

Atul Sangal,
Department of General Management, Sharda University, Greater Noida, UP, India.

Please see the link here: https://stm.bookpi.org/CTBEF-V9/article/view/11663