Open Access Peer Reviewed Monthly Est. 2014

British International Journal of Education and Social Sciences

(BIJESS)
ISSN (Print): 4519-6511 | ISSN (Online): 3342-543X
9.82
Impact Factor
13
H-Index
893+
Articles
HomeBIJESS Vol. 9, No. 7 THE CONTRIBUTION OF NONOIL EXPORTS TO ECONOMIC GR…
📄 Research Article BIJESS Vol. 9, No. 7 (2022)

THE CONTRIBUTION OF NONOIL EXPORTS TO ECONOMIC GROWTH IN NIGERIA

Elisha Anna 1 & Omekwe Sunday Omiekuma Paul 2
1 Department of Economics, Faculty of Social Sciences, University of Port Harcourt, Nigeria
2 Niger Delta University, Bayelsa State, Nigeria
British International Journal of Education and Social Sciences, Vol. 9, No. 7 (2022), pp. 1-16 | DOI:
Open Access Peer Reviewed Research Article

Abstract

This paper examined the contribution of non-oil exports to economic growth in Nigeria from 2000 –2020. The increasing clamour for the diversification of the Nigerian economy from oil, the rising level of prices and slow growth rate of GDP informed the choice of carrying out this study. The objectives of the study were to; examine the effect of rubber and plastic export on economic growth in Nigeria; determine the effect of hide and skin export on economic growth in Nigeria; and examine the effect of wood and charcoal export on economic growth in Nigeria. Semi-annual secondary data were sourced from the Central Bank of Nigeria Statistical Bulletin and analysed using the Auto Regressive Distributed Lag (ARDL) model after conducting basic analyses like: descriptive statistic and the unit roots test. The unit root test results showed that: some variables were stationary at order zero, while some at order one, which satisfied the requirement for using ARDL model. The ARDL test showed that; there is a long-run relationship between nonoil exports and economic growth in Nigeria during the period of study. Furthermore, in the short-run, rubber and plastic export, wood and charcoal export, hide and skin export are positively related with economic growth. Based on these findings, the study recommended amongst others that, there should be increased investment in the real sector to stimulate non-oil exports
Keywords: Charcoal, Exports, Economic, Growth, Nonoil, Plastic, Rubber
📑 How to Cite This Article
APA 7th Edition:
Elisha Anna, Omekwe Sunday Omiekuma Paul (2022). THE CONTRIBUTION OF NONOIL EXPORTS TO ECONOMIC GROWTH IN NIGERIA. British International Journal of Education and Social Sciences, 9(7), 1-16. https://doi.org/
Vancouver Style:
Elisha Anna, Omekwe Sunday Omiekuma Paul. THE CONTRIBUTION OF NONOIL EXPORTS TO ECONOMIC GROWTH IN NIGERIA. Br. Int. J. Educ. Soc. Sci.. 2022;9(7):1-16. DOI:
🔗 Other Articles in This Issue