THE IMPACT OF OIL EXPORT AND EXCHANGE RATE ON ECONOMIC GROWTH OF NIGERIA

₦ 5,000.00
i h


 

ABSTRACT

This study examines the impact of oil exports and exchange rates on Nigeria's economic growth, employing an econometric approach. The result was subsequently analyzed using correlation and regression with the aid of Econometrics view (version 9.0) which examined the relationship that exist among the variables. The findings reveal a positive relationship between oil exports and economic growth, while exchange rates have a negative impact. Although both variables are significant in the short term, only oil exports remain significant in the long term. The results align with a priori expectations, suggesting that investing in export promotion and reducing corruption in international trade could improve Nigeria's economic growth. Additionally, the government should monitor and control the movement of goods across borders. Based on these findings, policy recommendations are provided to enhance economic growth and development in Nigeria.

 

 

 

0.0 0
Write your own review Close
  • Only registered users can write reviews
*
*
  • Bad
  • Excellent
*
*
*
Only registered users can write reviews