Title: Foreign Direct Investments And Misery Index In Nigeria
Author(s): AKIDI Victor, CHARLES Daniel & EZEBUNWO Nyeche
Abstract: Captured in this report is the empirically investigated influence of foreign direct investments on Nigeria's misery index. The analyzed data, spanning 1985 to 2019 were obtained from the country's Central Bank's statistical bulletin. The Autoregressive Distributed Lag testing procedures were applied on the data. As revealed, the stationarity tests' results of the variables were of mixed (zero and one) order of integrations, which gave credence to application of the cointegration bounds testing approach for long-run relationship which was confirmed. Thus, the shot-run results enabled understanding that foreign direct and private domestic investments were effective for reducing misery index over the sampled period. However, government capital expenditures and exchange rates were not. Generating from the findings, it is suggested here that government should enhance the needed enabling environment to attract more inflows of foreign direct investments as well as encourage private domestic investments in the real sector. This can be achieved if government sincerely and tenaciously address the issues of infrastructural deficits, good governance, corruption and insecurity.
Keywords: Foreign Direct Investments, Misery Index, ARDL, Nigeria

Editorial Board


Dr. Dennis B. Ewubare


Dr. Richard N Amadi
Dr. Ayodele O. Momodu


Dr. David O. Edokpa
Dr. Modubochi Wosu
Mrs. Oghenetega E. Wadi
Mr. Ebenezer F. Umor
Mr. Enyindah O. Owabie
Mr. Peter P. Finebone


Mrs. Theresa B. Chris-Biriowu


Prof. Godwin B. Okon
Prof. Precious N. Ede
Dr. Joseph I. Onyema
Dr. Emmanuel O. Davies
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