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

Obiora Okechukwu, Glauco De Vita, Yun Luo

Research output: Contribution to journalArticlepeer-review

14 Citations (Scopus)
62 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
Article number15
Pages (from-to)1088-1103
Number of pages16
JournalJournal of Economic Studies
Issue number5
Publication statusPublished - 8 Oct 2018
Externally publishedYes


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