Foreign Direct Investment and Employment Generation in Nigeria

Abstract

This paper examined the relationship between foreign direct investment and employment generation in Nigeria between the period of 1999 and 2016. To empirically establish the relationship, some variables are incorporated into the study such as employment rate as the dependent variables while the independent variables include foreign direct investment, gross domestic product and exchange rate. Findings showed that foreign direct investment has a positive relationship with employment rate in Nigeria. Thus, it is recommended that government should make concerted efforts to attract foreign investors into Nigeria so as to encourage production and generate employment opportunities.