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Foreign Resources and Economic Growth in Nigeria

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Abstract

The study examines the impact of foreign recourse inform of foreign aids, foreign direct investment and exports on economic growth in Nigeria. Data were collected from the CBN statistical bulletin of 2015 and the OLS econometric technique of multiple regression was employed. Results shown that there is a significant relationship between foreign resources and economic growth in Nigeria. It is recommended that Nigeria should seek more favourable terms of trade with developed countries rather than just foreign aid.


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