Title:
DEVELOPMENT INTERVENTIONS, FOREIGN CAPITAL INFLOWS AND GROWTH OF NIGERIAN ECONOMY

Authors:
Chigozie Nelson Nkalu, Richardson Kojo Edeme, Innocent A. Ifelunini

Abstract:
In recent years, foreign direct investment inflows to Nigeria have exhibited muted development. This has led to calls to improve incentives for direct investment in order to contribute to an increase in economic growth. This study investigates the effects of development interventions, foreign capital inflows on economic growth of Nigeria using a disaggregated approach. The estimation result suggests that external debt, interest rate, inflation rate and real exchange rate exert positive effect on economic growth. The result equally shows that ordinary development assistance, foreign direct investment and official development assistance has negative impact on economic growth in Nigeria.