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Non-Oil Exports, A Remedy To Nigerias Falling Foreign Earnings

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Erschienen am 01.03.2018
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Bibliografische Daten
ISBN/EAN: 9786202015691
Sprache: Englisch
Umfang: 68
Auflage: 1. Auflage

Beschreibung

Unequivocally, the discovery of oil in 1956 had redirected the Nigerian economy aggressively from agriculture towards an oil dependent economy that is synonymous to the Dutch Syndrome. Consequently, this has had some negative proposition to the level of policy attention devoted to business agriculture in Nigeria. As a matter of fact, an emerging trend suggests that in the last few years the economy was growing with no significant reduction in unemployment and poverty rates which are key indicators to measuring economic prosperity, not to mention the recent economic recession witnessed at the beginning of 2016. Moreover, economic analysts have shifted interest towards non-oil export as a remedial for this quagmire. This study attempts to investigate the variation between Nigerias oil export and non-oil exports on one hand, non-oil exports and non-oil imports on the other hand, using foreign trade data (NBillion) between 1981 and 2016. The study adopts the Paired-Samples T-Test using SPSS, to empirically determine the difference within each pair of measurements, determine the mean of these changes, and report whether the mean of the difference is statistically significant each.

Autorenportrait

WANIKO, Moses Yaba holds a Bachelor of Science (B.Sc.) and Master of Science (M.Sc.) degrees in Economics. He is a member of Nigerian Institute of Management and Debt Recovery Practitioners of Nigeria. He worked with LEADERSHIP Group Ltd, a private media outfit for four years. He currently works with the Bureau of Statistics Nigeria.