Abstract

Influx of Foreign Direct Investment and its impact on economic growth in emerging economies evidence from Nigeria between 1981 and 2020 has attracted various perspectives thoughts even though with no clear empirically prove evidences. Therefore, the objective of this study is to ascertain the effect of Foreign Direct Investment and its impact on economic growth in Nigeria. The study adopted the theoretical Research design where the use of secondary data was employed to evaluate the effects of Foreign Direct Investment on growth of the Nigeria economy. The analytical tool used in the study was descriptive. Findings from the study revealed that, Foreign Direct Investment impact on growth of economy in Nigeria was not very clear because over the years and even currently it is poorly managed and the financial framework is not well developed logically to record the full benefits. The study recommending among other things that; Government should improve the financial framework operations and encourage citizens to invest locally so as to attract FDI collaboration that will impact the local economy and quality of material and Human Resource growth in Nigeria.