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IMPACT OF NON-OIL EXPORT ON THE ECONOMIC GROWTH OF NIGERIA (1986-2014)

Banking And Finance Project Topics And Materials

IMPACT OF NON-OIL EXPORT ON THE ECONOMIC GROWTH OF NIGERIA (1986-2014)
 
ABSTRACT
This study examined the impact of non-oil exports on the growth of the Nigerian economy. It investigated the specific impact of the following independent variables: agricultural export, solid mineral export, semi-manufactured export and manufactured export on the growth of the Nigerian economy. Real GDP was proxied as our dependent variable. The period covered runs from 1986 through 2014; ex-post facto technique was adopted and Augmented Dikkey-Fuller was used to test for stationarity.  Findings from the study reveal that agricultural export had a negative and insignificant impact on the economic growth of the Nigerian economy. Solid mineral export had a negative and significant impact on the economic growth of the Nigerian economy, semi- manufactured export had a negative and insignificant impact on the economic growth of the country. And manufactured export statically had a positive and significant impact on the growth of the Nigerian economy within the period under study. The study recommends among others improvement on infrastructures, reformation of agricultural sector by eliminating all barriers, imposing heavy tariff on the importation of product that can be produced locally, granting wavier and loans to farmers at a lower rate. Strengthen of export promotion board to collate products from farmers and package them to meet international standard to avoid wastage and dumping of Nigerian product. And diversification Nigerian exports, in order to reduce the effect of the oil price fluctuation (oil shock) on the economy

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