Promoting Sustainable Development in Nigeria through the Non Oil Sector Export

Abstract

This paper set out to examine the non oil sector production for export as an alternative source of revenue for sustainable growth and development of Nigeria. The study evaluated selected World Development Indicators for Nigeria and compared them with those of some African countries and emerging economies, to see areas of similarities and differences for positive adjustment. It also employed the test of Cointegration and Error Correction Mechanism (ECM) in the analysis of the variables under study. The implications of the result show that investment in the non oil sector (Industrial /Manufacturing, Agricultural and Solid Minerals Production) can lead to economic growth and development because of its potential impact on generating additional revenue, reducing unemployment and poverty. This can not be experienced without government making the right policy decisions on institutions, research, trade, and education for technological adaptations.