Impact of General Agreements on Trade In Services on the Balance of Payment of Nigeria

Abstract

This paper examined the impact of General Agreements on Trade in Services on the Balance of Payment of Nigeria. Both primary and secondary data were used through the use of questionnaire, interview and adoption of already made data from CBN Statistical bulletin. The data were both analyzed with the use of Econometric View (E-VIEWS) statistical package. Both descriptive and inferential statistical analyses were carried out using simple percentages, content analysis and the t statistic. The overall results obtained from the test of hypotheses was not significant, and thus the null hypothesis was accepted, implying that the Signing of GATS agreements by the Nigerian government does not have much influence on the nation’s balance of payment.

Key words: General Agreement on Trade in Services (GATS), Balance of Payment, Nigeria.