TRADE OPENNESS AND ECONOMIC GROWTH IN NIGERIA

ABSTRACT

This study examines the Impact of Vat Trade openess on economic growth in Nigeria. The study is conducted over the period 1990 – 2020 and is done using the Error correction model (ECM) The data for the study was obtained from the World Bank, Central Bank of Nigeria. The study reveals that a negative relationship exists between Trade Openess and RGDP in Nigeria. It also further revealed that a negative relationship exist between Foreign Direct Investment (FDI) and economic growth in Nigeria. The study further recommends that it is important for the Nigerian government should reduce tariffs and other barriers to trade, such as quotas and non-tariff barriers, in order to increase trade openness and attract more foreign investment.