THE PRODUCTIVITY TRAP: WHY NATIONS STAY POOR AND HOW NIGERIA CAN ESCAPE

Domaine:

socioeconomicdigital infrastructure

Créateur:

AroObiIme

Éditeur:

Hôte:

In other to identify practical and evidence-based strategies through which Nigeria can escape the productivity trap, the study evaluated how these variables foreign direct net inflows, access to electricity, and internet access influence GDP per capita. To achieve this aim, the quantitative research design was adopted. Secondary data obtained from world bank was used from the period of 2000 to 2024. Descriptive statistics, correlation analysis, heteroskedasticity, multicollinearity test was done to evaluate the reliability of the model. Whereas, the ordinary least square (OLS) was performed to test the extent of the effect of the independent variables on the dependent variable. The OLS results show that Foreign Direct Net Inflows (FDNI) show a negative and significant impact on GCAP, Access to Electricity (AELE) has a negative but statistically insignificant coefficient whereas, Internet Access (INAC) has a positive and statistically significant effect on GDP per capita. The study recommends prioritizing internet access as a productivity enhancing asset, restructuring FDI inflows, and addressing power supply reliability.

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