Impact of FDI on Gas Supply: Implications on Economic Growth in Nigeria

  • Walter O. Ugwuoke Federal University Lafia, Nasarawa State, Nigeria
  • Innocent Okwanya Federal University Lafia, Nasarawa State, Nigeria
Keywords: Gas Supply; FDI; Economic Growth; VAR


This study aims to examine the effect of gas supply and foreign direct investment on economic growth in Nigeria over the period 1981 to 2014. The paper employs the VAR model and the multivariate granger causality to assess the impact of the volatility of gas supply and foreign direct investment (FDI) on economic growth and to determine the causal relationship between the variables. The results of the study show that FDI and gas supply have a positive and significant effect on economic growth in Nigeria. The results also show a bidirectional causality that runs from gas supply to economic growth. The findings clearly suggest that economic growth must be inclusive for the grassroots sectors to feel the impact of gas supply and FDI in Nigeria.

Author Biographies

Walter O. Ugwuoke, Federal University Lafia, Nasarawa State, Nigeria

Department of Economics

Innocent Okwanya, Federal University Lafia, Nasarawa State, Nigeria

Department of Economics


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