DENNIS BASILA, Mu'azu S Badara


It is a well-known fact in common parlance that the Nigerian economy is
bedeviled with low productivity as evidenced by over dependence on oil and high rate of unemployment. This could be attributed to lack of adequate capital and other resources needed for investment purposes. This study on the effectiveness of the adoption of IFRS in the attraction of foreign direct investment in Nigeria aims to explore and provide evidence on the possible positive change in the total value of FDI as a result of IFRS adoption in the economy since its inception in 2012. Quarterly data
of FDI (about. 32 observations pre and post adoption periods) were analyzed. The technique of analysis used is Paired Sample't' test. Following student 't' test evidence indicates a significant difference in FDI inflows between pre and post IFRS adoption in Nigeria. The finding is that there is a significant difference in FDI inflow between pre and post IFRS adoption in Nigeria. The study concludes that IFRS adoption is effective in attracting FDI as it is originally perceived and recommends that the
Financial Reporting Council of Nigeria should ensure and encourage the
implementation of IFRS in financial reporting practice in Nigeria.


IFRS, IFRS Adoption, Foreign Direct Investment (FDI),and Nigeria

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International Journal of Management Science Research ISSN ISSN 2536 – 605X(Print)

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