Impact of Trade Openness on Economic Growth of Nigeria:- Okoye Onyinyechi F

Michael Okpara University | Projects

ABSTRACT

 The study focused on the impact oftrade openness on economic growth in Nigeria covering the period of1981 to 2018. The objectives ofthe study were to investigate the impact oftrade openness on economic growth in Nigeria and to ascertain the long run relationship between trade openness and economic growth in Nigeria. Ordinary Least Square regression technique was employed in the study and revealed that; trade openness has a positive and significant impact on economic growth in Nigeria, inflation rate and exchange rate have a negative but insignificant impact on economic growth in Nigeria, while broad money supply has a positive and significant impact on economic growth in Nigeria. Lastly there exist a long run relationship between trade openness andeconomic growth in Nigeria. Based on thefindings, thefollowing recommendation were made; Nigeria trade with the rest ofthe world shoidd be further liberalized also there is needs to fully integrate her economy and deregulate all sectors in order to fully enjoy the benefits oftrade openness. This will take some time but any backsliding in the present economic reform will not produce goodresultforthe entire economy. There is needfor government to adoptpolicies capable ofreducing inflation rate in Nigeria for example encouraging local production ofgoods in the country. This will also attract more foreign investment in the country and in a long run increase growth and development

Overall Rating

0.0

5 Star
(0)
4 Star
(0)
3 Star
(0)
2 Star
(0)
1 Star
(0)
APA

MICHAEL, U (2026). Impact of Trade Openness on Economic Growth of Nigeria:- Okoye Onyinyechi F. Repository.mouau.edu.ng: Retrieved May 29, 2026, from https://repository.mouau.edu.ng/work/view/impact-of-trade-openness-on-economic-growth-of-nigeria-okoye-onyinyechi-f-7-2

MLA 8th

UNIVERSITY, MICHAEL. "Impact of Trade Openness on Economic Growth of Nigeria:- Okoye Onyinyechi F" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 29 May. 2026, https://repository.mouau.edu.ng/work/view/impact-of-trade-openness-on-economic-growth-of-nigeria-okoye-onyinyechi-f-7-2. Accessed 29 May. 2026.

MLA7

UNIVERSITY, MICHAEL. "Impact of Trade Openness on Economic Growth of Nigeria:- Okoye Onyinyechi F". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 29 May. 2026. Web. 29 May. 2026. < https://repository.mouau.edu.ng/work/view/impact-of-trade-openness-on-economic-growth-of-nigeria-okoye-onyinyechi-f-7-2 >.

Chicago

UNIVERSITY, MICHAEL. "Impact of Trade Openness on Economic Growth of Nigeria:- Okoye Onyinyechi F" Repository.mouau.edu.ng (2026). Accessed 29 May. 2026. https://repository.mouau.edu.ng/work/view/impact-of-trade-openness-on-economic-growth-of-nigeria-okoye-onyinyechi-f-7-2

Please wait...