POST-STOCK MARKET CRASH FOREIGN DIRECT INVESTMENT COMPOSITION AND ECONOMIC GROWTH IN NIGERIA

This study examined the existing relationship between post-stock market crash compositions of FDI inflows and Nigeria’s economic growth from 2010-2018. Post-stock market crash FDI compositionsin Nigeria from 2010-2018 had an unstable behaviour pattern. Using the Ordinary Least Squares (OLS) model on secondary data on real GDP and compositions of FDI obtained from the Statistical Bulletin, 2018, results show that post-stock market crash FDI inflows in the form of equity capital, equity portfolio investment, portfolio investments in money market instruments, loans and other claims positively influence economic growth in Nigeria while negative relationship exists between FDIs in the form of physical capital, portfolio investments in bonds and trade credits and Nigeria’s real GDP (RGDP). This result necessitates the initiation and implementation of fiscal, monetary, investment and trade policies to attract FDIs positively influencing Nigeria’s RGDP and minimize the attraction of FDIs in the form of portfolios in bonds, physical capital and trade credits to boost Nigeria’s RGDP.