This study examined the nexus between the inflows of FDI and exports of crude oil in Nigeria. Data were collected from 1990 to 2018 from UNCTAD Investment Reports and the Central Bank of Nigeria. Dynamic Ordinary Least Square (DOLS) and Granger causality were consequently adopted in estimating the objective of this study. It is imperative to summarize the major findings in this study: FDI inflows had a significant positive impact on oil exports in Nigeria. The relationship between FDI inflows and exchange rate was positive but insignificant. Meanwhile, FDI inflows and inflation rate have an insignificant negative relationship. In addition, these findings in this study motivated the following recommendation in Nigeria, that policy measures that would stabilize oil exports, exchange rate and inflation rate should be embarked upon by the policymakers in Nigeria to induce the inflows of FDI accordingly in the long run.

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Ayomitunde, A. T., Adedayo, A., & Edith, E. C. (2020). Nexus between foreign direct investment and oil exports in Nigeria: An empirical perspective. International Journal of Business and Administrative Studies, 6(3), 150-156. doi: https://dx.doi.org/10.20469/ijbas.6.10003-3