Examining the Relative Roles of Domestic and Foreign DirectudInvestments in Nigeria

摘要

This study examines the relative relevance of domestic investment (DI) and foreign direct investment (FDI) on economic performance in Nigeriaud(1980-2014). In an attempt to achieve this broad objective, annual time series data sourced from the Central Bank of Nigeria’s Statistical Bulletin,udwhich was estimated using vector error correction technique, among others. The results, inter alia, show that both DI and FDI had significant effectudon Nigeria’s economic performance; however, the influence of the former was observed to be far greater than the latter with marked difference bothudin terms of the level of significance and size. Thus, the study recommends, among others, the need for government to create the ambience that willudenable domestic investors to thrive, on one hand, and be complemented by foreign investment, on the other