Abstract

An effective telecommunications system, in one way or the other, enhances development as it also boosts investor confidence and promotes business transactions. Thus, the importance of telecommunications development to economic growth and development especially in the developing countries cannot be understated. This study examines the impact of Foreign Direct Investment (FDI) in telecommunications on economic growth. The study uses data covering between 1985 to 2015. It employs the use of trend and descriptive analysis to show whether FDI in telecommunications has impact on the Nigeria's economic growth or not. The study finds that FDI in telecommunications has a positive impact on the Nigerian economy. The study recommends that government should provide enabling environment for the investors in order to sustain the trend of inflow of FDI into the economy.

Key words: Foreign direct investment, telecommunications, Nigeria and economic growth.