Citation:

Bakari Wadinga. "Examining the Determinants of Investment in Nigeria" International Research Journal of Economics and Management Studies, Vol. 2, No. 3, pp. 477-482, 2023.

Abstract:

Investment is a major factor in boosting economic growth, especially in emerging nations. Developed countries have been able to reach their current level of development due to sustainable investments in the critical sectors of their economies. However, there are influencing factors behind sustainable investments. Using data from 1981 through 2022, this study sought to uncover some of the key factors influencing investment in Nigeria. Using the Johansen cointegration approach, the study's findings demonstrated a long-term relationship between investment and lending interest rates, real gross domestic product, gross domestic savings, and foreign direct investment. According to the report, in order to further promote local investment, the monetary authorities should see to it that lending rates are stabilised and lowered. Steady and sustainable growth of the economy is also essential for sustainable investment and therefore the government is recommended to provide the environment for sustainable growth of the economy.

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Keywords:

Investment, Lending Rate, Foreign Direct Investment, Cointegration, Gross Domestic Savings.