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Publication Information
Published by: Admin
Published: 6 days ago
View: 40
Pages: 16
ISBN: 1
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Abstract
The inward flows of Foreign Direct Investment (FDI) and remittances constitute part of foreign capital inflows for developing countries, which can facilitate economic activities and income distribution. The study investigates the impact of FDI inflows and remittances receipts on Nigeria’s income inequality between 1980 and 2023. It adopts an Auto-Regressive Distributed Lag (ARDL) model. The findings submit that the remittances inflows worsen income inequality, but FDI inflows have no influence on income inequality in Nigeria. Hence, the two inflows are yet to contribute appropriately to achieving SDG 10 of reducing inequality. It is recommended that policymakers in Nigeria need to consider policies that can promote FDI inflows across sectors towards reducing income inequality in the country.
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