ABSTRACT

The study examined the impact of non-oil export on Nigerian economic growth using annual time series data from 1990-2016. The data was sourced from the central bank of Nigeria statistical bulletin and world trade organization bulletins. The study was analyzed using multiple regression analysis. The findings revealed that the manufacturing export components and the agricultural export components had a positive and significant impact on the economic growth of Nigeria, while the solid minerals sector and the services sector components had negative and insignificant impact on the economic growth of Nigeria. Based on the findings, the study recommended that technologies required in transforming raw materials to finished goods be acquired so as to stimulate the level of manufacturing output towards higher exportation, it also stated that local farmers should be empowered with modern technologies that can facilitate greater productivity. The study also recommended that government should intensify effort in the solid mineral resources areas so that their impact will contribute to the non-oil export in Nigeria since 90% of Nigeria solid minerals are untapped and also give equal attention to the service sector.

TABLE OF CONTENTS

Title Page i

Declaration ii

Certification iii

Dedication iv

Acknowledgement v

Table of Contents vi

Lists of Tables vii

Abstract viii

CHAPTER ONE

1.0 Introduction 1

1.1 Background to the Study 1

1.2 Statement of the Problem 4

1.3 Objective of the Study 5

1.4 Research Questions 5

1.5 Statement of Hypotheses 6

1.6 Significance of the Study 6

1.7 Scope of the Study           7

1.8 Definition of terms           7

CHAPTER TWO

2.0 Literature Review 9

2.1 Conceptual Framework 9

2.1.1The Non-oil Export Components 9

2.1.2 Importance of Non-oil sector                    9

2.1.3 Problems of Non-oil Export Sector 13

2.1.4 Recommendation for Improving the Non-oil Export performance 15

2.1.5 Government Policies to Promote Non-oil Export                                16

2. 6   Institutional Arrangement           16

2.2   Theoretical Review                              19

2.2.1 Mercantilist theory 19

2.2.2 Theory of Absolute Advantage 19

2.2.3 Theory of Comparative Advantage           21

2.2.4 Endogenous Growth Theory 21

2.2.5 Heckscher Ohlin theory of factor endowment 22

2.3 Empirical Review 23

CHAPTER THREE

3.0 Research Methodology 27

3.1Research Design 27

3.2 Nature and Sources of Data 27

3.3 Population of Study and Sample Size           27

3.4 Research Area           27

3.5 Model Specification                                                                              28

3.5 Description of Research Variables 29

3.5.1.1 Dependent variable 29

3.5.1.2 Independent variables                    29 

3.6 Analytical Technique 30

CHAPTER FOUR

4.0 Presentation of Data, Analysis and Discussion of Results 31

4.1 Presentation of Data 31

4.2 Descriptive Statistic 32

4.3 Regression Analysis 33

4.4 Hypotheses testing 34

4.5 Discussion of Findings 35

CHAPTER FIVE

5.0 Summary of Findings, Conclusions and Recommendations 36

5.1 Summary of Findings 36

5.2 Conclusion 36

5.3 Recommendations 37

References 38

Appendix 41