A REVIEW OF THE IMPACT OF NON-OIL EXPORTING FIRMS ON THE ECONOMIC DEVELOPMENT OF NIGERIA IN POST-COVID ERA

Authors

  • Abe, O.D, Department of Entrepreneurship, Joseph Ayo Babalola University, Ikeji-Arakeji, Nigeria; STANG Consulting Ltd Author
  • Ogunjemilua, E. M Department of Entrepreneurship, Joseph Ayo Babalola University, Ikeji-Arakeji, Nigeria Author
  • Epetimehin, F. M. Department of Actuarial and Insurance, Joseph Ayo Babalola University, Ikeji-Arakeji, Nigeria. Author

Keywords:

Impact, Non-oil Exports, Non-oil Exporting firms, Economic Development of Nigeria

Abstract

Nigeria is blessed with vast non-oil products. Non-oil export presents humongous opportunity for entrepreneurship 
growth along various value chains, employment generation, foreign exchange inflow into the country and enhanced 
economic stability. This study reviews the impact of non-oil exporting firms on the economic development of 
Nigeria from 2020 to 2025.  In this scoping review, 282 papers were downloaded from different databases: Scopus, 
Web of Science, Google Scholar, ResearchGate, Elsevier, Taylor and Francis. Evidence synthesized from the 
reviews reveal that non-oil exporting firms have positively contributed to the economic growth of Nigeria but the 
contributions are largely insignificant. To enhance the performance of non-oil sector, the study recommends that 
government should provide better enabling environment, supply low cost funding and infrastructure that would 
accommodate and support the production of non-oil goods and services for increased exports.  

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Published

2026-09-05

Issue

Vol. 5 No. 1 (2025): IJARMS (Vol5 No1 JUNE 2025)

Section

Articles