IDEAS home Printed from https://ideas.repec.org/a/bcp/journl/v8y2024i11p2863-2874.html
   My bibliography  Save this article

Analysis of the Effect of Non-Oil Export on Economic Growth of Nigeria

Author

Listed:
  • Hinmikalu, Patrick Olanrewaju

    (Department of Economics, Veritas University Abuja)

  • Dr. Chris AC-Ogbonna

    (Department of Economics, Veritas University Abuja)

Abstract

This work investigated the Impact of non-oil exports on Gross Domestics Product (GDP) of Nigeria. The statement of the problem of the study therefore is, how has the non-oil export sector helped to enhance the economic growth of Nigeria, and the major objective the study is to investigate the effects of Non-oil Export on the economic growth in Nigeria. The work employed Auto Regressive Distributed Lag (ARDL) modeling techniques analysis used in the study. The findings clearly showed that non-oil export from agricultural commodities and products, craft and manufactured products and solid minerals do not have significant effect on economic growth in the short run but does on the long run during the period under investigation and equally reinforced the fact that non-oil exports have a key role to play with regards to promoting economic growth in Nigeria. The study concluded that non-oil export will enhance economic growth in Nigeria and finally recommended that future policy-makers should aim at promoting adequate agricultural commodities and products, craft and manufactured products and solid minerals exports as this will ensure economic growth in the Nigerian Economy.

Suggested Citation

  • Hinmikalu, Patrick Olanrewaju & Dr. Chris AC-Ogbonna, 2024. "Analysis of the Effect of Non-Oil Export on Economic Growth of Nigeria," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(11), pages 2863-2874, November.
    • Handle: RePEc:bcp:journl:v:8:y:2024:i:11:p:2863-2874
    as

    Download full text from publisher

    File URL: https://www.rsisinternational.org/journals/ijriss/Digital-Library/volume-8-issue-11/2863-2874.pdf
    Download Restriction: no
    File URL: https://rsisinternational.org/journals/ijriss/articles/analysis-of-the-effect-of-non-oil-export-on-economic-growth-of-nigeria/
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bcp:journl:v:8:y:2024:i:11:p:2863-2874. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dr. Pawan Verma (email available below). General contact details of provider: https://rsisinternational.org/journals/ijriss/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.