THE IMPACT OF NON-OIL EXPORT ON ECONOMIC GROWTH IN NIGERIA (1986-2010)
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ABSTRACT
The essence of this work has been to determine the effect of non-oil export on economic growth in Nigeria, during the period of 1986-2010. In carrying out this study, secondary data were collected and empirical analysis was made. To achieve these objectives, multiple regressions were used in analyzing the data. The empirical results reveal that nonoil export is statistically significant to Nigeria economic growth. On the other hand, oil export also has been significant to Nigeria Economic growth of the non-oil export while government expenditure (GEX) has not been significant to Nigeria’s economic growth of the non-oil exports. Following this, some recommendations which include encouraging financial institutions, improving in data collection and banking, efficient allocation and use of resources, government base investing in non-oil sector in other to diversify the economy (from monoculture economy to a multicultural economy) and creating economic environment which will help boost the activity of non-oil export sector.
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