{"id":"https://openalex.org/W7207565249","doi":"https://doi.org/10.26524/ijdst.2.4","title":"The Dynamic Relationship Between Foreign Direct Investment in Nigeria\u2019s Crude Oil Sector and Sustainable Development: A Quantitative Analysis","display_name":"The Dynamic Relationship Between Foreign Direct Investment in Nigeria\u2019s Crude Oil Sector and Sustainable Development: A Quantitative Analysis","publication_year":2026,"publication_date":"2026-09-03","ids":{"openalex":"https://openalex.org/W7207565249","doi":"https://doi.org/10.26524/ijdst.2.4"},"language":"en","primary_location":{"id":"doi:10.26524/ijdst.2.4","doi":"https://doi.org/10.26524/ijdst.2.4","is_oa":false,"landing_page_url":"https://doi.org/10.26524/ijdst.2.4","pdf_url":null,"source":{"id":"https://openalex.org/S7407058533","display_name":"International Journal for Development of Science and Technology","issn_l":"2456-8503","issn":["2456-8503"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal for Development of Science and Technology","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5149554167","display_name":"Isaac Dunka-Gideon","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Isaac Dunka-Gideon","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"middle","author":{"id":"https://openalex.org/A5135122033","display_name":"Sumaila Obansa","orcid":"https://orcid.org/0009-0004-6855-4453","observed_orcids":["https://orcid.org/0009-0004-6855-4453"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Sumaila Obansa","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5073254663","display_name":"Chris AC-Ogbonna","orcid":"https://orcid.org/0000-0002-6740-4128","observed_orcids":["https://orcid.org/0000-0002-6740-4128"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Chris AC-Ogbonna","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":false,"cited_by_count":0,"citation_normalized_percentile":{"value":0.59859634,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":"2","issue":"3","first_page":"1","last_page":"16"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11823","display_name":"Natural Resources and Economic Development","score":0.9042999744415283,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11823","display_name":"Natural Resources and Economic Development","score":0.9042999744415283,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10415","display_name":"International Business and FDI","score":0.07559999823570251,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10438","display_name":"Energy, Environment, Economic Growth","score":0.005499999970197678,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/foreign-direct-investment","display_name":"foreign direct investment","score":0.9990000128746033},{"id":"https://openalex.org/keywords/sustainable-development","display_name":"sustainable development","score":0.9879999756813049},{"id":"https://openalex.org/keywords/nigeria","display_name":"Nigeria","score":0.7269999980926514},{"id":"https://openalex.org/keywords/oil-price-shocks","display_name":"oil price shocks","score":0.8019999861717224},{"id":"https://openalex.org/keywords/currency-depreciation","display_name":"currency depreciation","score":0.9110000133514404},{"id":"https://openalex.org/keywords/real-gdp-per-capita","display_name":"real GDP per capita","score":0.7879999876022339},{"id":"https://openalex.org/keywords/economic-diversification","display_name":"economic diversification","score":0.8629999756813049},{"id":"https://openalex.org/keywords/local-content-policy","display_name":"local content policy","score":0.7310000061988831},{"id":"https://openalex.org/keywords/commodity-dependence","display_name":"commodity dependence","score":0.7269999980926514}],"concepts":[{"id":"https://openalex.org/C33842695","wikidata":"https://www.wikidata.org/wiki/Q490513","display_name":"Foreign direct investment","level":2,"score":0.7217000126838684},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6801999807357788},{"id":"https://openalex.org/C2776988154","wikidata":"https://www.wikidata.org/wiki/Q66100","display_name":"Exchange rate","level":2,"score":0.5317999720573425},{"id":"https://openalex.org/C552854447","wikidata":"https://www.wikidata.org/wiki/Q131201","display_name":"Sustainable development","level":2,"score":0.4652000069618225},{"id":"https://openalex.org/C204208750","wikidata":"https://www.wikidata.org/wiki/Q1519415","display_name":"Short run","level":2,"score":0.4650000035762787},{"id":"https://openalex.org/C18547055","wikidata":"https://www.wikidata.org/wiki/Q47417","display_name":"International economics","level":1,"score":0.43479999899864197},{"id":"https://openalex.org/C91602232","wikidata":"https://www.wikidata.org/wiki/Q756115","display_name":"Volatility (finance)","level":2,"score":0.42879998683929443},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.42829999327659607},{"id":"https://openalex.org/C134024062","wikidata":"https://www.wikidata.org/wiki/Q1401229","display_name":"Error correction model","level":3,"score":0.3617999851703644},{"id":"https://openalex.org/C141121606","wikidata":"https://www.wikidata.org/wiki/Q8142","display_name":"Currency","level":2,"score":0.35920000076293945},{"id":"https://openalex.org/C127598652","wikidata":"https://www.wikidata.org/wiki/Q558635","display_name":"Per capita","level":3,"score":0.3555000126361847},{"id":"https://openalex.org/C145162277","wikidata":"https://www.wikidata.org/wiki/Q1751675","display_name":"Cointegration","level":2,"score":0.35179999470710754},{"id":"https://openalex.org/C195487862","wikidata":"https://www.wikidata.org/wiki/Q850210","display_name":"Revenue","level":2,"score":0.34220001101493835},{"id":"https://openalex.org/C2778908629","wikidata":"https://www.wikidata.org/wiki/Q4391528","display_name":"Effective exchange rate","level":3,"score":0.34119999408721924},{"id":"https://openalex.org/C548895740","wikidata":"https://www.wikidata.org/wiki/Q22656","display_name":"Petroleum","level":2,"score":0.33180001378059387},{"id":"https://openalex.org/C133029050","wikidata":"https://www.wikidata.org/wiki/Q385593","display_name":"Vector autoregression","level":2,"score":0.3312999904155731},{"id":"https://openalex.org/C2778843516","wikidata":"https://www.wikidata.org/wiki/Q8250780","display_name":"Oil boom","level":2,"score":0.3199000060558319},{"id":"https://openalex.org/C160443848","wikidata":"https://www.wikidata.org/wiki/Q45918","display_name":"Per capita income","level":2,"score":0.3181000053882599},{"id":"https://openalex.org/C79355281","wikidata":"https://www.wikidata.org/wiki/Q192523","display_name":"Dutch disease","level":3,"score":0.3147999942302704},{"id":"https://openalex.org/C58202505","wikidata":"https://www.wikidata.org/wiki/Q5035700","display_name":"Capital formation","level":4,"score":0.31040000915527344},{"id":"https://openalex.org/C2777747085","wikidata":"https://www.wikidata.org/wiki/Q5449743","display_name":"Financial sector development","level":3,"score":0.3068000078201294},{"id":"https://openalex.org/C95383336","wikidata":"https://www.wikidata.org/wiki/Q4198710","display_name":"Depreciation (economics)","level":5,"score":0.30469998717308044},{"id":"https://openalex.org/C114350782","wikidata":"https://www.wikidata.org/wiki/Q12638","display_name":"Gross domestic product","level":2,"score":0.3046000003814697},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.3000999987125397},{"id":"https://openalex.org/C175605778","wikidata":"https://www.wikidata.org/wiki/Q3299701","display_name":"Natural resource economics","level":1,"score":0.29670000076293945},{"id":"https://openalex.org/C29122968","wikidata":"https://www.wikidata.org/wiki/Q1414816","display_name":"Incentive","level":2,"score":0.2854999899864197},{"id":"https://openalex.org/C2987168347","wikidata":"https://www.wikidata.org/wiki/Q22656","display_name":"Crude oil","level":2,"score":0.2851000130176544},{"id":"https://openalex.org/C2984556133","wikidata":"https://www.wikidata.org/wiki/Q297279","display_name":"Oil price","level":2,"score":0.27219998836517334},{"id":"https://openalex.org/C29985473","wikidata":"https://www.wikidata.org/wiki/Q188460","display_name":"Natural resource","level":2,"score":0.26930001378059387},{"id":"https://openalex.org/C154193497","wikidata":"https://www.wikidata.org/wiki/Q3958441","display_name":"Economic sector","level":2,"score":0.2669000029563904},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.2619999945163727},{"id":"https://openalex.org/C95986675","wikidata":"https://www.wikidata.org/wiki/Q185168","display_name":"Quantitative analysis (chemistry)","level":2,"score":0.25119999051094055},{"id":"https://openalex.org/C193991484","wikidata":"https://www.wikidata.org/wiki/Q2509483","display_name":"Government revenue","level":3,"score":0.25110000371932983}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.26524/ijdst.2.4","doi":"https://doi.org/10.26524/ijdst.2.4","is_oa":false,"landing_page_url":"https://doi.org/10.26524/ijdst.2.4","pdf_url":null,"source":{"id":"https://openalex.org/S7407058533","display_name":"International Journal for Development of Science and Technology","issn_l":"2456-8503","issn":["2456-8503"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal for Development of Science and Technology","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[{"score":0.7257999777793884,"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth"},{"score":0.7207000255584717,"id":"https://metadata.un.org/sdg/9","display_name":"Industry, innovation and infrastructure"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":0,"referenced_works":[],"related_works":["https://openalex.org/W1594285116","https://openalex.org/W4411338594","https://openalex.org/W7203702208","https://openalex.org/W7160281538","https://openalex.org/W2592627196","https://openalex.org/W2745669639","https://openalex.org/W2567154436","https://openalex.org/W7204489720","https://openalex.org/W4413027206","https://openalex.org/W7220851895"],"abstract_inverted_index":{"This":[0],"study":[1],"examined":[2],"the":[3,20,28,43,63,97,131,173,180],"dynamic":[4],"relationship":[5],"between":[6],"Foreign":[7],"Direct":[8],"Investment":[9],"(FDI)":[10],"in":[11,86,114,152,172,179],"Nigeria\u2019s":[12],"crude":[13],"oil":[14,87,90,93,136,143,157,195],"sector":[15,30,88,158,196,244],"and":[16,76,96,117,219,239],"sustainable":[17,68,107,153],"development":[18,36,44,69,108,140,154,201,227],"over":[19,31],"period":[21],"1990-2024.":[22],"Despite":[23],"substantial":[24],"FDI":[25,112,159,171,197,233],"inflows":[26],"into":[27],"petroleum":[29],"three":[32,103,118],"decades,":[33],"broad-based":[34],"economic":[35,221],"has":[37],"remained":[38],"elusive,":[39],"raising":[40],"questions":[41],"about":[42],"effectiveness":[45],"of":[46,67,134],"resource-seeking":[47],"FDI.":[48],"Using":[49],"impulse":[50],"response":[51,65],"analysis":[52],"within":[53],"a":[54,200],"Vector":[55],"Error":[56],"Correction":[57],"Model":[58],"(VECM)":[59],"framework,":[60],"we":[61],"trace":[62],"temporal":[64],"patterns":[66],"proxied":[70],"by":[71,78,126],"real":[72],"GDP":[73],"per":[74],"capita":[75],"complemented":[77],"robustness":[79],"checks":[80],"using":[81],"alternative":[82],"indicators":[83],"to":[84,111],"shocks":[85,113,145],"FDI,":[89],"prices,":[91],"government":[92],"revenue":[94],"share,":[95],"exchange":[98,167,216],"rate.":[99],"Our":[100],"findings":[101,192],"reveal":[102],"important":[104],"patterns.":[105],"First,":[106],"responds":[109],"negatively":[110],"years":[115],"two":[116],"\u22120.23%":[119],"at":[120],"trough":[121],"before":[122],"turning":[123],"marginally":[124],"positive":[125],"year":[127],"seven,":[128],"suggesting":[129],"that":[130,184,194,225],"capital-intensive":[132],"nature":[133],"modern":[135],"extraction":[137],"constrains":[138],"near-term":[139],"benefits.":[141],"Second,":[142],"price":[144],"explain":[146],"approximately":[147],"four":[148],"times":[149],"more":[150],"variation":[151],"(25.6%)":[155],"than":[156],"(7.8%),":[160],"highlighting":[161],"Nigeria's":[162,226],"persistent":[163],"commodity":[164],"dependence.":[165],"Third,":[166],"rate":[168,217],"depreciation":[169],"attracts":[170],"short":[174],"run":[175],"but":[176],"discourages":[177],"investment":[178,237],"medium":[181],"term,":[182],"indicating":[183],"currency":[185],"volatility":[186],"ultimately":[187],"outweighs":[188],"competitiveness":[189],"effects.":[190],"These":[191],"suggest":[193],"is":[198],"neither":[199],"panacea":[202],"nor":[203],"irrelevant":[204],"its":[205],"contribution":[206],"depends":[207],"critically":[208],"on":[209],"complementary":[210],"policies":[211],"including":[212],"local":[213],"content":[214],"enforcement,":[215],"stability,":[218],"genuine":[220],"diversification.":[222],"We":[223],"conclude":[224],"strategy":[228],"should":[229],"shift":[230],"from":[231],"attracting":[232],"volume":[234],"toward":[235],"maximizing":[236],"quality":[238],"spillovers":[240],"while":[241],"accelerating":[242],"non-oil":[243],"growth.":[245]},"counts_by_year":[],"updated_date":"2026-10-28T10:33:24.094632","created_date":"2026-09-04T00:00:00"}
