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Non-Oil Export Earnings and Economic Growth in Nigeria

Akpa, Amona Adah Onuh, Sixtus Samuel Kabuk, V. Elias Sanni, Obaje Sebastian

Subject area: Management and Commerce  ·  Area of research: Economics

Abstract

The study assessed non-oil export earnings and Economic Growth in Nigeria. Ex-post facto design was adopted for the study. The data were sourced from Central Bank of Nigeria (CBN), National Bureau of Statistics (NBS), and National Export Promotion Council (NEPC) bulletin spanning 1990 to 2021. Ordinary Least Square (OLS) method was employed to analyse the relationship between the dependent variable (GDP) and the independent variable (NOEXP). The result showed a positive and significant relationship between NOEXP and GDP (29%) in Nigeria. The study recommends that farmers should engage in innovative, modern, and sustainable farming techniques that will enhance productivity and higher returns (increasing return to scale)

Keywords

Non-Oil Export, Economic Growth, Staple Theory

References

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[3] Asogwa, J. O., Okechukwu, E. U. and Oyekwelu, U. L. (2018) Evaluation of the Effect of Federal Government External Debts and Reserves on Economic Growth in Nigeria. Journal of Economics and Sustainable Development. Volume 9 No. 6

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[7] Enoma, A. and Isedu, M. (2011). The Impact of Financial Sector Reforms on Non-Oil Export in Nigeria. Journal of Economics. Volume 2 (2)

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[9] Innis, H. A. (1930). The Fur Trade in Canada: An Introduction to Canadian Economic History. University of Toronto Press.

[10] Innis, H. A. (1940). The Cod Fisheries: The History of an International Economy. Yale University Press.

[11] Kuznets, S. (1973). Modern Economic Growth: Findings and Reflections. The American Economic Review. Volume 63 (3)

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[15] Nwafor, M. C. (2017). An Empirical Approach to the Effect of Non-Oil Export on Nigerian Economy. International Journal of Advanced Research. Volume 5(6)

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[17] Vincent, K. (2017). An Analysis of the Impact of Non-Oil Exports and Economic Growth in Nigeria from 980-2016. International Journal of Innovative Research in Social Sciences and Management Techniques. Volume 4 No. 2

How to cite this paper

Akpa, Amona Adah, Onuh, Sixtus Samuel, Kabuk, V. Elias, Sanni, Obaje Sebastian " Non-Oil Export Earnings and Economic Growth in Nigeria" Iconic Research And Engineering Journals Volume 5 Issue 8 2022 Page 67-73
Akpa, Amona Adah, Onuh, Sixtus Samuel, Kabuk, V. Elias, Sanni, Obaje Sebastian " Non-Oil Export Earnings and Economic Growth in Nigeria" Iconic Research And Engineering Journals, vol. 5, no. 8, Feb. 2022
Akpa, Amona Adah, Onuh, Sixtus Samuel, Kabuk, V. Elias, Sanni, Obaje Sebastian (2022). Non-Oil Export Earnings and Economic Growth in Nigeria. Iconic Research And Engineering Journals, 5(8).
Akpa, Amona Adah, Onuh, Sixtus Samuel, Kabuk, V. Elias, Sanni, Obaje Sebastian " Non-Oil Export Earnings and Economic Growth in Nigeria" Iconic Research And Engineering Journals, vol. 5, no. 8, Feb. 2022.
@article{1703185,
      author = {Akpa, Amona Adah, Onuh, Sixtus Samuel, Kabuk, V. Elias, Sanni, Obaje Sebastian},
      title = { Non-Oil Export Earnings and Economic Growth in Nigeria},
      journal = {Iconic Research And Engineering Journals},
      year = {2022},
      volume = {5},
      number = {8},
      pages = {67-73},
      issn = {2456-8880},
      url = {https://www.irejournals.com/formatedpaper/17031851.pdf},
      abstract = {The study assessed non-oil export earnings and Economic Growth in Nigeria. Ex-post facto design was adopted for the study. The data were sourced from Central Bank of Nigeria (CBN), National Bureau of Statistics (NBS), and National Export Promotion Council (NEPC) bulletin spanning 1990 to 2021. Ordinary Least Square (OLS) method was employed to analyse the relationship between the dependent variable (GDP) and the independent variable (NOEXP). The result showed a positive and significant relationship between NOEXP and GDP (29%) in Nigeria. The study recommends that farmers should engage in innovative, modern, and sustainable farming techniques that will enhance productivity and higher returns (increasing return to scale)},
      keywords = {Non-Oil Export, Economic Growth, Staple Theory},
      month = {February},
  }