Central Bank of Nigeria, Research Department.
Foreign Direct Investment (FDI), Low credit ratings, High debt service, Nigeria., Foreign exchange
This paper examines the relationship between foreign direct investment (FDI) in Nigeria and some macroeconomic variables. The preliminary empirical results, covering the period 1970-1994, suggest that high debt service and low credit ratings discourage FDI. FDI is also sensitive to real per capita income and low rates of inflation.
CBN Economic and Financial Review
Ekpo, A. H. (1997). Foreign direct investment in Nigeria: evidence from time series data. ECBN conomic and Financial Review, 35(1), 59-78.