International records / OpenAlex research

Fiscal Policy and Inflow of Foreign Investment in Nigeria Financial Market

This study examined the effects of fiscal variables on foreign investment in Nigeria. Data were sourced from Central Bank of Nigeria Statistical Bulletin from 1990-2023. Foreign investment inflow was modeled as the function of capital expenditure, recurrent expenditure, oil revenue and nonoil revenue. The study employed the Autoregressive Distributed Lag (ARDL) to determine the relationship between the variables. The result of the ADF root test on fiscal policies and tax regulation, the result shows that were stationary at order one I (1) while FI is in 1(0). The ARDL bounds test result, it is…