Relationship Between Export and Economic Growth in Nigeria from 1986-2021

Atiman Kasima Wilson, Umar Hafiz Bubari and Amina Bala Usman
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Atiman Kasima Wilson: Department of General Studies, Federal Polytechnic, Bali, Nigeria
Umar Hafiz Bubari: Department of General Studies, Federal Polytechnic, Bali, Nigeria
Amina Bala Usman: Department of General Studies, Federal Polytechnic, Bali, Nigeria

International Journal of Research and Innovation in Social Science, 2022, vol. 6, issue 10, 759-762

Abstract: All government of the world is faced with the challenges of poverty reduction, improve revenue generation, reduction in both external and domestic borrowing, and efficient allocation of resources. Many studies have showed that export has the capacity to achieve the aforementioned goals. Export is to send goods and services to another country for sale; it can also be seen as goods and services that are produced in one country and sold in another country. Whereas, there are mixed opinions by scholars about the relationship between export and economic growth, this study set out to investigate the relationship between export and economic growth in Nigeria in the period 1986-2021. The specific objective was also, to examine the trend in export and economic growth in Nigeria in the period 1986-2021. The study employed the secondary method of data collection. Time series data was collected from World Development Indicators 2021. The study employed the unit root test, co integration test and vector autoregressive technique (VAR) model with the use of Eviews 10 package to achieve the objectives of the study. The study found that export had positive relationship on economic growth during the period 1986- 2021. The study further recommended among others, restructuring of the oil sector in Nigeria in order to improve the foreign exchange revenue generated from crude oil and liquefied natural gas.

Date: 2022
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