Impact of Foreign Direct Investment on Agricultural Productivity in Nigeria

Abstract

This study was carried out to investigate the impact of Foreign
Direct Investment on agricultural productivity in Nigeria
between 2000 and 2022. The objectives of the study are to
determine the impact of Foreign Direct Investment on the
agricultural sector, to evaluate the relationship between Foreign
Direct Investment and the growth of agricultural sector Data
were collected from Central Bank of Nigeria - Statistical bulletin
and online data base, World development indicators for the
period of 2000-2022 and was analyzed using Ordinary Least
Square as the estimation technique using of E-View Software. The
results revealed that Foreign Direct Investment had significant
impact on agricultural sector during the period reviewed, FDI
had a negative yet significant impact to agricultural productivity
in Nigeria. The study recommends that the government should
emphasis on increasing Bank credit to farmers and reduce
interest rates in order to increase productivity of agriculture in
Nigeria.