Vol. 2, Issue 8 (2015)
Foreign Direct Investment (FDI) Flows into Oil and Gas Sector in Nigeria
Author(s): P.A. Donwa, C.O. Mgbame, B.O. Ezeani
Abstract: This paper examined foreign direct investment (FDI) flows into oil and gas sector in Nigeria. The objective of the study was to find out the determinants of FDI flows into oil and gas sector in NigeriarnThe methodology adopted in this study was a desk based library method where the knowledge gained from various literature as well as empirical studies reviewed form the basis for conclusion and recommendations.rnThe conclusion made based on the discussions in this paper is that the major determinants of Foreign Direct Investment flows into oil and gas sector in Nigeria are Domestic Market size, Trade openness, Inflation, Exchange rate and economic policies. In addition to our findings this study recommended additional variables to also be tested as the determinants of FDI and that Nigerian government should provide necessary measures to combat inflation and exchange rate variability as this factors discourages FDI flow and in turn affects economic growth.