Nigerian Journal of Banking and Financial Issues (NJBFI)
GLOBALIZATION, FOREIGN DIRECT INVESTMENT AND POVERTY ALLEVIATION IN NIGERIA
Keywords:
Foreign direct investment, poverty alleviation, trade openness, inflation, gross domestic product.Abstract
The study examined the effect of foreign direct investment on poverty alleviation in Nigeria over the last twenty years. In attempt to establish the influence of foreign direct investment, inflation, trade openness and gross domestic product on poverty alleviation in Nigeria, ordinary least square regression statistical method was employed. The findings showed that all the independent variables had significant impact on poverty alleviation in Nigeria within the period covered by the study. The R-square value indicated that all the variables accounted for 64.1% of the variance in poverty alleviation. Hence, the study recommended that government should enhance inflow of foreign direct investment as well as managing the FDI effectively through diversification.
