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Leke, A., Fiorini, R., Dobbs, R., Thompson, F., Suleiman, A. and Wright, D. (2014) Nigeria’s Renewal: Delivering Inclusive Growth in Africa’s Largest Economy. McKinsey Global Institute, McKinsey & Company.

has been cited by the following article:

• TITLE: A Developing Country’s Absorptive Capacity: The Link between FDI and Economic Growth in Nigeria

  AUTHORS: Uyiosa Omoregie

  KEYWORDS: Foreign Direct Investment, Absorptive Capacity, Economic Growth, Gross Domestic Product, Nigeria

  JOURNAL NAME: Open Access Library Journal, Vol.2 No.11, November 13, 2015

  ABSTRACT: Developing countries’ surest route to sustained poverty reduction is economic growth. Policymakers encourage foreign direct investment (FDI) for the enhancement of productivity in-country and the promotion of economic development, through the “multiplier” effect. It is generally agreed among researchers that local conditions (absorptive capacities) are important factors contributing to the effect of FDI on economic growth. FDI has contributed to output growth in Nigeria, especially in the petroleum sector, where even more FDI should now be encouraged through investor incentives. However, the efficacy of FDI in generating the desired growth may be limited by the level of infrastructural and human capital development in Nigeria.