THE NEXUS BETWEEN FOREIGN DIRECT INVESTMENT AND THE PERFORMANCE OF OIL AND GAS SECTOR IN NIGERIA

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Date

2014-11-02

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Department of banking and finance, nasarawa state university keffi

Abstract

Foreign direct divestment (FDI) is a unique economic concept due to its glaring and hidden impact. That is why most government make policies aimed at attracting foreign investment into their economy. In Ni s.eria, one sector that has performed consistently in attracting FDI is the oil and gas sector. jl?w has this foreign direct investments impacted on this sector and what is the extent of the relationship between foreign direct investment and the performance of this sector? These are the questions that this study answered. Using a time series between 1984 and 2010, Ordinary> Least Square regression and correlation were used to analyze data and the results show that there is a strong positive relationship between foreign direct investments and the performance of oil and gas sector in Nigeria. It is 'recommended that the government should take the amnesty program seriously to boost investors' confidence and to sustain this impact

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Foreign Direct Investment (FDI), Oil and Gas Sector, Ordinary Least Square regression.

Citation

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https://keffi.nsuk.edu.ng/handle/20.500.14448/907

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