EFFECT OF MACROECONOMIC PERFORMANCE INDICES ON FOREIGN INVESTMENT INFLOW IN NIGERIA(1986-2018)

Abstract

Foreign investment inflow (FII) plays an important role in economic growth of developing countries because it affects the economic growth by stimulating domestic investment, capital formation expansion and also, enhancing the technology transfer in the host countries. (Falki 2019). Hill (2015) observes that foreign investment is done when a company or individual from one nation invests in assets or ownership stakes of a company based in another nation. Increased globalization in business has made big companies to branch out and invest money in companies located in other countries. These companies may be in the business of opening up new manufacturing plants and attracted to cheaper labor, production, and fewer taxes in another country.