Journal of
Economics and International Finance

  • Abbreviation: J. Econ. Int. Finance
  • Language: English
  • ISSN: 2006-9812
  • DOI: 10.5897/JEIF
  • Start Year: 2009
  • Published Articles: 363

Full Length Research Paper

Nigerian foreign trade policy: Its impact on non-oil exports

  John E. Ezike* and Samson Ogege  
Department of Finance, University of Lagos, Lagos State, Nigeria.
Email: [email protected]

  •  Accepted: 19 April 2012
  •  Published: 07 May 2012

Abstract

 

The paper sets out to examine the impact of trade policy on Nigeria non-oil exports. It specifically seeks to ascertain the effect of trade policies on non-oil exports in Nigeria as well as the performance of the non-oil export sector over the period 1970 to 2010. Nigeria’s data set from the CBN statistical bulletin volume 18, (2009) and the American reserve bank during the period 1970 to 2010 were used. It employed both correlation analysis and least squares techniques to test the effect of trade policies on non-oil exports in Nigeria. The findings show that there is a negative relationship between trade policies and the non-oil sector in Nigeria. Based on the findings, it was recommended that the nation should diversify rather than concentrating on the oil sector.

 

Key words: Trade policy, non-oil exports, import substitution.