Departments ECONOMICS IMPACT OF NON-OIL EXPORT ON NIGERIAN ECONOMY (1986-2010)
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IMPACT OF NON-OIL EXPORT ON NIGERIAN ECONOMY (1986-2010)
IMPACT OF NONOIL EXPORT ON NIGERIAN ECONOMY 19862010

ABSTRACT

The study investigated the impact of nonoil exports on Nigerian economy during the period of 19862010. This study was carried out against the background of the crucial role nonoil export can play as an alternative source of revenue apart from crude oil exports. To achieve this objective, multiple regressions were used in analyzing the data. The empirical result shows that nonoil export is statistically significant to Nigeria economic growth. On the other hand, Government Expenditure GEX was not significant to Nigerian economy. Due to this, some recommendations were made which include encouraging financial institutions, improving in data collection and banking, efficient allocation and use of resources, and creating economic environment that will help boost the activity of nonoil export sector.

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