Foreign Direct Investment and Non-Oil Exports in Nigeria

This study focuses on foreign direct investment and non-oil exports in Nigeria. The study examined data from 1986 to 2020, obtained from the CBN statistics report for 2020. Ordinary Least Squares (OLS) is an econometrics approach used in this study. The findings indicate that FDI influence on non-oil export is positive but not statistically significant. The exchange rate favourable influence on NOE, was not statistically significant. Following a thorough assessment of the study's data, it is clear that investment in non-oil industries has a greater practical influence on economic growth than the oil business. A state of emergency is being declared in the non-oil business, emphasising the importance of diversification in order to avoid overdependence on oil. It is recommended that the government and financial institutions take rapid regulatory action to boost the impact of foreign direct investment (FDI) on Nigeria's non- oil export income.