Growth in Nigeria’s Non-Oil Export Finance and Non-Oil Export Performance: A Correlational Analysis

Barine Michael Nwidobie
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Barine Michael Nwidobie: Department of Accounting and Finance, Caleb University, Lagos, Nigeria

International Journal of Business and Social Research, 2014, vol. 4, issue 2, 31-39

Abstract: The growth in non-oil merchandise the world over is stimulated by individual governments’ monetary and fiscal policies. Finances are provided export-producing firms to improve and modernize capacity to make Nigeria’s non-oil export commodities competitive in the export market. Data obtained on Nigeria’s export finances provided non-oil export commodity producers and their export volumes were analysed to determine the growth in those variables on consecutive year’s basis. Resultant values were further analysed using the kendall’s tau-b correlation coefficient to determine if changes in non-oil export financing affect changes in non-oil export volume commensurately. Correlation value of 0.025 show positive insignificant relationship between changes in both variables necessitating an inquiry into non-oil export financings by the monetary authorities to ensure that purported non-oil financings are actually provided for this purpose with an inquiry into the operations of the receiving non-oil export producing firms; and the reappraisal of the operational, fiscal and operational government policies inhibiting production for export.

Keywords: Export Finance; Non-Oil Export Growth (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:lrc:larijb:v:4:y:2014:i:2:p:31-39

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