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Article Title:
Analysis of Foreign Direct Investment on Agricultural Sector and Its Contribution to GDP in Nigeria
by Yusuff, M.A. Afolayan, O.T. and Adamu, A.M

Abstract:
Evidence from literature has shown that the benefits of Foreign Direct Investment (FDI) as a vehicle of technology transfer, provision of superior skills and management technique and enhancement of local firm access to international markets vary greatly across sector. Understanding the linkage between the flow of FDI to agricultural sector and the level of productivity in the sector is necessary to identify policy measures that may be geared towards maximizing the flows and gains of FDI to agricultural sector. Using descriptive analysis and simple linear regression, this paper therefore examined the level of foreign direct investment on agricultural sector and the consequential effect on the contribution of the sector to the country?s Gross Domestic Product (GDP). The result obtained shows that the inflow of FDI to agricultural sector does not follow a regular pattern and the sector?s contribution to GDP is in direct relationship with the inflow of FDI. The study, based on these findings recommends that government should put in place the necessary infrastructure and find a permanent solution to the problem of insecurity as this will enhance the flow of FDI into the economy as a whole and agricultural sector in particular.

Keywords: foreign direct investment, gross domestic product, agricultural sector simple linear regression

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