Sectorial Performance and Inclusive Growth in Nigeria (1990 – 2013): An Assessment

Ozurumba Benedict Anayochukwu and Onuorah Anastasia Chi-Chi
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Ozurumba Benedict Anayochukwu: Federal University of Technology
Onuorah Anastasia Chi-Chi: Delta State University

International Journal of Innovation and Economic Development, 2016, vol. 1, issue 6, 55-72

Abstract: This work assessed sectorial performance on inclusive growth in Nigeria for the period 1990 – 2013. The study was necessitated by the fact that the economy is often said to be growing but such growth is not inclusive in the real sense of it. Many Nigerians are still living below the poverty line. The study made use of secondary data in its analysis. Six explanatory variables (Agricultural Sector GDP, Oil and Gas GDP, Telecommunication sector GDP, Manufacturing sector GDP, Financial institutions sector GDP and electricity sector GDP) were specified and used to establish a relationship with Human Development Index and Gross Domestic Product Per Capita using the Vector Autoregressive (VAR) approach. Other tests carried out include: stationary, counteraction and Granger causality tests. The study found that the selected explanatory variables have no significant relationship with Gross Domestic Product Per Capita. While only Agricultural Sector GDP and Telecommunication sector GDP have significant relationship with Human Development Index, other variables are not statistically significantly at 5% level. Based on the findings the work concludes that the above selected sectors of the economy have not contributed significantly to the development of the Nigerian economy. The researcher recommends among others that financial sector services to the real sector should be sustainable to stimulate economic activities in a manner that creates linkages across economic value chains that will assure development in the long run.

Keywords: Growth; Development; Inclusive growth; Living standard; Per capita income; Sectorial performance (search for similar items in EconPapers)
JEL-codes: M00 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:mgs:ijoied:v:1:y:2016:i:6:p:55-72

DOI: 10.18775/ijied.1849-7551-7020.2015.16.2003

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