Non-Oil Export Determinant and Economic Growth Nigeria (1988-2008)

Abstract

Since the introduction of Non-Oil Export in Nigeria far before independent which has grown to become the fourth largest exporter in the world with high production level. In view of Nigeria's significant contribution and export capacity to the world volume, the study examined the competitiveness by assessing her export performance and determinants of non-soil export from Nigeria. The literature review showed that export promotion has significant effect on economic productivity than import substitution. For the research technique, the multi-linear regressions were employed to examine whether or not there is a linear relationship between the Non-Oil Export and GDP. It has an analytical tools using data set from Central Bank of Nigeria sources that ranged from 1989 to 2008. However the results form this regression model show that the R square is 0.979 which implies that 97.9% variation in the dependent variable can be attributed to the variation in the dependent variable, also adjusted R of 0.975 which implies that 97.4% shows a minimized error from coefficient of determinant R square. This research work as thereby identified the major factors that affect GDP positively to be non-oil export for previous year and consumer price index and as such the government has an important role to play if sustainable development is to be achieved since a insignificant non-oil export and exchange rate would slow down the economic growth. The outcome of the analyses revealed that Nigeria non-oil export as some significant contribution on our economic growth.