Effectiveness Of Foreign Direct Investment Policy In Nigeria (1986-2005)

Abstract

The paper dwells on an investigation of the effectiveness of foreign direct investment policy in Nigeria. Employing the ordinary least square regression technique, the null hypothesis of no significant relationship between foreign direct investment policy measures and foreign direct investment was tested. The null hypothesis was rejected and the alternative hypothesis accepted, meaning there is a significant relationship between foreign direct investment policy measures and the inflow of foreign direct investment. The coefficients of the explanatory variables are statistically significant and there is a positive relationship between foreign direct investment and liberalization and capital repatriation.The null hypothesis was tested using f- ratio and the student t- test was used to test the statistical significance of the policy variables at 95. Percent significant level. Keywords: foreign direct investment (FDI) policy, igeriaJournal of Agriculture and Social Research Vol. 8 (1) 2008: pp. 95-105