THE CONTRIBUTIONS OF FOREIGN DIRECT INVESTMENT ON POVERTY REDUCTION IN NIGERIA, (2010 – 2015) A STUDY OF CBN, AKWA IBOM STATE

ABSTRACT

The purpose of this study was to examine the contributions of Foreign Direct Investment (FDI) on poverty reduction in Nigeria using central bank, Uyo branch for the study. The study objective sought to find out the contributions of Foreign Direct Investment on poverty reduction in Nigeria. The data for the study were collected from primary and secondary sources. Survey research design was adopted for the study, the entire population was studied, simple percentages and tables were used to analyze the data. Findings revealed that there is a strong relationship between FDI and poverty reduction in Nigeria. Conclusions drawn from the study showed that FDI had contributed and helps to increase income growth in Nigeria. It was recommended that the government should make policies and create conducive environment to encourage the inflow of foreign investors.

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