The Impact of FDI on Nigeria’s Exports: A Sectoral Analysis

Obiora Okechukwu, Glauco De Vita, Yun Luo

    Research output: Contribution to journalArticlepeer-review

    12 Citations (Scopus)
    499 Downloads (Pure)


    Purpose – The purpose of this paper is to examine the FDI-exports relationship in Nigeria using disaggregated FDI and export data.
    Design/methodology/approach – This paper applies the ARDL cointegration approach in examining the long-run relationship between FDI and exports.
    Findings – Our results suggest that aggregate FDI has a positive and statistically significant long-run impact on total exports. Once exports are disaggregated into oil and non-oil exports, the positive, cointegrating relationship holds only for oil exports. When disaggregated by sector, primary sector and manufacturing sector FDI have a positive and significant long-run relationship with both total exports and oil exports but service sector FDI does not appear to have any significant influence on Nigerian exports.
    Originality/value – This is the first paper that employs both sectoral FDI and disaggregated export data to examine the FDI-exports nexus in Nigeria.
    Original languageEnglish
    Pages (from-to)1088-1103
    Number of pages16
    JournalJournal of Economic Studies
    Issue number5
    Publication statusPublished - 8 Oct 2018


    • FDI
    • Export
    • Nigeria


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