International Journal of Innovative Engineering, Technology & Science (IJIETS)
Research Article

IMPACT OF NON-OIL EXPORT ON ECONOMIC GROWTH IN NIGERIA

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Published: February 28, 2021 Vol/Issue: Volume 4, Issue 1 Pages: 1-8 Language: EN
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International Journal of Innovative Engineering, Technology & Science (IJIETS)
International Journal of Innovative Engineering, Technology & Science
Department of Statistics, Chukwuemeka Odumegwu Ojukwu University, Anambra State.
Department of Statistics, Chukwuemeka Odumegwu Ojukwu University, Anambra State.

Summary

The study examined the impact of Non-Oil Export in Nigeria over the period of 1980-2017.The specific objectives of
the study are to examine the impact of Non-Oil export in Nigeria over the period under study and to ascertain the
direction of causality between the variables of interest. The study employed the econometric tools for testing for the
existence of unit root in the time series variables and found that the variables are all stationary at order one I(I).
Furthermore, ECT and ECM were utilized in testing for the long run equilibrium shock. From the regression result, it
was found that Non- oil export has no significant impact on the economic growth within the period under study. The
result of the granger causality show that the direction of causality were in some variables ‘bi’, ‘Uni’ and ‘Zero‘
direction of causality. Since the result of the study depict that the non-oil export has no significant impact on
Economic growth in Nigeria, there is yet serious need for the government to create favorable policy that will enable
investors to invest in the area of non-oil export. Also Government should revisit and refurnish policy guiding loan
access for ease access to local investors particularly to those of Agricultural farmers, industries and other sources
which in turn will tell positively on the Nigeria Economy.

Index Terms

Non-oil export Economic growth Exchange rate RGDP and Stationarity Test.

How to cite this article

Authors: Udechukwu, C. A., Okoli, C. N.
Volume/Issue: Volume 4, Issue 1
Pages: 1-8
Published: February 28, 2021
Affiliations: Department of Statistics, Chukwuemeka Odumegwu Ojukwu University, Anambra State.
Udechukwu, C. A., Okoli, C. N. (2021). IMPACT OF NON-OIL EXPORT ON ECONOMIC GROWTH IN NIGERIA. International Journal of Innovative Engineering, Technology & Science (IJIETS), Volume 4, Issue 1, 1-8.
Udechukwu, C. A., Okoli, C. N.. "IMPACT OF NON-OIL EXPORT ON ECONOMIC GROWTH IN NIGERIA." International Journal of Innovative Engineering, Technology & Science (IJIETS), vol. Volume 4, Issue 1, 2021, pp. 1-8.
Udechukwu, C. A., Okoli, C. N.. "IMPACT OF NON-OIL EXPORT ON ECONOMIC GROWTH IN NIGERIA." International Journal of Innovative Engineering, Technology & Science (IJIETS) Volume 4, Issue 1 (2021): 1-8.
@article{impactofnonoilexportoneconomicgrowthinnigeria2021, author = {Udechukwu, C. A. and Okoli, C. N.}, title = {IMPACT OF NON-OIL EXPORT ON ECONOMIC GROWTH IN NIGERIA}, journal = {International Journal of Innovative Engineering, Technology & Science (IJIETS)}, year = {2021}, volume = {Volume 4, Issue 1}, pages = {1-8} }

  • Published: February 28, 2021
  • Volume/Issue: Volume 4, Issue 1
  • Pages: 1-8

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