THE IMPACT OF NON-OIL EXPORTS ON ECONOMIC GROWTH IN NIGERIA.
Abstract
The study was undertaken to find out the impact of non-oil exports on economic growth in Nigeria. The objective of the study is to evaluate the relationship between non-oil export and economic growth in Nigeria. The sources of data to be used in these studies is secondary data which would be obtained collected from central bank of Nigeria (CBN). Data which is defined as a numerical fact of information or series of observation that can be measured and qualified would be collected on monthly basis to cover a period between 1980 -2023. Based on the findings in this study, there’s a long run relationship among the variables and also improved performance can be obtained through better policies and keen focus on the Non-oil sector. Therefore, we conclude that from the period 1980 to 2023 Non-oil exports has contributed significantly to gross domestic product of Nigeria. It was recommended that government policies such as the structural adjustment policy had the objective of restructuring and diversifying the productive base of the economy in order to reduce dependence on oil sector and on imports.
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