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ABSTRACT
On the front burner of developing countries economic policy is the pursuit of economic growth and development. This however has been hindered by lack of technical know-how and inadequate resources needed to drive the process of growth and development. One of the key components fronting the movement in support of economic globalization and integration is the level of 4services sector activities considering its complementary effect in bridging the gap between natural resource (crude oil and other agricultural products) earnings and non-natural resource earnings. The study therefore examines the impact of service sector on economic growth in Nigeria using data covering the period 1981 to 2018 and sourced from the Central Bank of Nigeria. The method of autoregressive distributed lag model (ARDL) and Ordinary Least Squares (OLS) was adopted in estimating our specific model. Findings from our estimated model reveal that service sector significantly affect economic growth in Nigeria. The study thus recommends that sound, robust and vigorous economic policies be formulated with the sole purpose of boosting the services economy for economic growth and development in Nigeria.
