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" How Does Corruption Affect the Inflow of Foreign Direct Investment into Nigeria? "
Okonta, Austin Uba
Robert, Kenny
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Latin Dissertation
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| Language of Document
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English
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| Record Number
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1106453
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| Doc. No
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TLpq2394851032
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| Main Entry
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Okonta, Austin Uba
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Robert, Kenny
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| Title & Author
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How Does Corruption Affect the Inflow of Foreign Direct Investment into Nigeria?\ Okonta, Austin UbaRobert, Kenny
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| College
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Northcentral University
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| Date
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2020
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| student score
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2020
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| Degree
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D.B.A.
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| Page No
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158
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| Abstract
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Foreign direct investment (FDI) has been established as one of the predominant factors of development in most of the developing countries. Conversely, corruption has been tagged as one of the greatest challenges to the attraction of foreign direct investment required for economic and social development in developing countries. The purpose of this quantitative non-parametric study was to acquire an understanding of how corruption affects foreign direct investment inflow to Nigeria. The study utilized quantitative time-series data from the World Bank, International Monetary Fund, and the United Nations Conference on Trade and Development. The variable utilized for this study include foreign direct investment per capita as the dependent variable. The independent variables consist of the six worldwide governance indicators, which are voice and accountability, political stability and lack of violence/terrorism, government effectiveness, regulatory quality, rule of law, and control of corruption. The other six are economic indicators that include: inflation, market size, exchange rate, infrastructure development, population growth rate, and openness to trade. Hence a total of thirteen quantitative time series variables for the period 2000 to 2017 were investigated during this study. The focus of this research is to contribute to the multitude of existing literature to discover how corruption affects foreign direct investment with specific interest to Nigeria. Nigeria has not been favored sufficiently for foreign direct investment even amid the available natural resources, population, and market size. Foreign investments in Nigeria have concentrated in the oil sector, while regular corporations are relocating to other countries. The hypothesis was tested by the application of several statistical tests and Kruskal-Wallis analysis. The finding indicates that corruption has a negative effect on foreign direct investment inflow to Nigeria. The study finds support for sand the wheel hypothesis in the overall analysis.
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African studies
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Social research
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