ASSESSMENT OF THE IMPACT OF NON-OIL EXPORT ON ECONOMICGROWTH IN NIGERIA: 1990 – 2018

Abstract

This study examined the impact of non-oil export on economic growth in Nigeria for the period of 1990 to 2018. The
over reliance on oil sector as compared to the non-oil sector, which has resulted in growth instability, is the
motivation for this study. The broad objective of the study is to examine the impact on non-oil sector on the Nigerian
economic growth. The variables used were Agric export, solid mineral export, manufacturing export and economic
growth. Time series data were collected on the variables in the model. The findings from the empirical analysis
revealed that agricultural export has a positive and significant impact on economic growth in Nigeria.
Manufacturing export has a positive and significant impact on economic growth in Nigeria. Solid Mineral export
has a negative and significant impact on economic growth in Nigeria, which is attributed to exportation of large
junk of extracted and unrefined minerals that are imported back to the country as finished goods at a high price far
beyond what the country gets from her exportation. In line with the findings, the recommendations made, among
other things, include encouraging government to, through its spending, invest more on agriculture, industry,
exploration of solid minerals and manufacturing sector with to a view to enhancing production in these sectors
which will in turn lead to increase in exportable goods and service.