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All Journal Journal of Social Sciences and Economics Journal of Management and Economics Innovation
Anyanwu, Uchenna
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Humanities Economics, Econometrics & Finance Environmental Science Law, Crime, Criminology & Criminal Justice Library & Information Science Social Sciences

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Foreign Direct Investment, Diaspora Remittances, and Youth Unemployment in Nigeria Miriam, Anyachebelu Uzoma; Ezenekwe, Uju Regina; Anyanwu, Uchenna
Journal of Social Science and Economics (JOSSE) Volume 2, Issue 1, April 2025
Publisher : Asha Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70188/qe2nxg66

Abstract

The current state of sectoral performance reveals that Nigeria’s productivity framework is inherently weak in delivering the desired socioeconomic outcomes in terms of employment generation. This study examined the impact of foreign direct investment and diaspora remittances on youth unemployment in Nigeria from 1986 to 2022. This study employed the autoregressive distributed lag (ADL) approach to achieve its objectives. The dependent variable of this study is youth unemployment, while the independent variables are foreign direct investment, remittances, inflation, and real gross domestic product. The data for these variables were sourced from the Central Bank of Nigeria Statistical Bulletin and the National Bureau of Statistics. The key results indicate that all variables are negatively correlated with youth unemployment, although foreign direct investment and inflation exhibit a significant relationship with youth unemployment at the 0.05 significance level. This study recommended, among other things, the need for the Nigerian government to attract foreign direct investment by improving the ease of doing business and promoting economic growth through infrastructure provision, which will also enhance FDI attraction in Nigeria.
Impact of foreign direct investment inflows on labour productivity in Nigeria Uzoma Mirian, Anyachebelu; Ezenekwe, Uju Regina Ezenekwe; Anyanwu, Uchenna
Journal of Management and Economics Innovation Vol. 1 No. 2 (2025): Oktober 2025
Publisher : Catalist Indo Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.64670/jmei.v1i2.30

Abstract

This study focused on the impact of foreign direct investment inflows on labour productivity in Nigeria. It specifies an Autoregressive Distributed Lag (ARDL) model, following the work of Hailat and Baniata (2018), to evaluate the impact of international capital inflows—Foreign Direct Investment (FDI), Foreign Portfolio Investment (FPI), Official Development Assistance (ODA), and External Debt (ED)—on labour productivity in Nigeria. The ARDL bounds test is used to determine the existence of cointegration among variables, while the Error Correction Model (ECM) captures both short-run and long-run dynamics. Finally, the Fully Modified Ordinary Least Squares (FMOLS) method is employed to validate the robustness of the estimates. The Akaike Information Criterion (AIC) guided lag selection for the Autoregressive Distributed Lag (ARDL) model, with maximum lags of (1) and (2) chosen via E-Views 10. Results show that Foreign Direct Investment (FDI) negatively affects labour productivity (−0.0074, p=0.0002), while Foreign Portfolio Investment (FPI) and Official Development Assistance (ODA) are insignificant. External Debt (ED) has a negative significant effect (−0.0164, p<0.05). Personal Remittances (PRER) and Real Gross Domestic Product (RGDP) positively influence productivity (0.0046, p<0.05; 1.0931, p<0.01), while Gross Fixed Capital Formation (GFCF) shows a strong negative link (−0.3862, p<0.01). Secondary School Enrollment Rate (SERR) remains positive (0.002, p<0.05). The study concludes that sustainable labour productivity growth in Nigeria requires policies that strengthen domestic absorptive capacity, improve institutional quality, and channel foreign capital toward skill development and technology-driven sectors
Co-Authors Ezenekwe, Uju Regina Ezenekwe, Uju Regina Ezenekwe Miriam, Anyachebelu Uzoma Uzoma Mirian, Anyachebelu