IJSRP, Volume 11, Issue 9, September 2021 Edition [ISSN 2250-3153]
Ogundipe S.A, Fasola I.O, Ajayi O.A.
There is no doubt that the emergence of Cocid-19 has led to unprecedented level of fatalities and with catastrophic effects on human and economic entities on global scale. This invariably has shrunken the level of foreign direct investment into the Nigerian economy. Therefore, the study examined the effect of Covid-19 pandemic on FDI in the Nigerian economy using data of FDI flows into Nigeria from the third quarter of 2013 to the third quarter of 2020. The validated data used for the study was obtained from the Nigerian Bureau of Statistics (NBS). Findings from the trend analysis show that FDI flows into Nigeria have been on a decline over the years before the Covid-19 pandemic reared its ugly head in Q1 2020. In conclusion, the trend of FDI and Covid-19 has not really established a realistic pattern to determine the effect of Covid-19 on FDI in Nigeria. The study may induce more benefit if the analysis of the effect of Covid 19 could be linked to more constantly occurring microeconomic issues for extensive analysis of global pandemic.