Impact of Foreign Direct Investment on Poverty Reduction in Nigeria

The level of poverty in developing economies especially Nigeria is very alarming and disturbing and this has been a source of great concern to government, policy makers and Economists all over the globe. This evil called poverty has made the United Nation to sponsor a long-term economic development program called the Millennium Development Goals (MDGs). Foreign direct investment according to the modernization and the vicious cycle of poverty thesis is thought to provide the needed capital for these economies to break out of the cycle of poverty. This book therefore examined the impact of foreign direct investment on poverty reduction in Nigeria from 1995 to 2010. The Ordinary Least Squares method was used to estimate the parameters of the model after conducting a unit root test via the Augmented-Dickey Fuller (ADF) to determine the stationarity of the data. This book is expected to be useful to academicians, governments, individuals and the general public.