Can Non-Oil Exports boost Agriculture Sector Performance in Nigeria? A Tale for Oil Independency
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Date
2013
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Abstract
The study examines the effect of non-oil export on the agricultural sector performance in Nigerian economy
using empirical evidence and modern research analysis. The bulk of non- oil export of Nigeria comes from
agriculture and pre-processed products. Hence, non-oil export from perspective of efficiency-seeking indicates
that non-oil export always aim at taking advantage of poor-efficient production condition and boost the
productive edge of resources. There is a general believe that non-oil exports commodities has nothing to do with
sectoral growth in Nigeria, this role is therefore the major focus of this study. Modern econometric analysis is
used to validate if there is any relationship between non-oil export and sectoral performance, we also conducted
unit root test to detect the risk of non stationarity of any of the variables involve in the model specified. Having
tested for unit root, the paper also considers cointegration test and a parsimonious result of the least square
estimate is presented. Lastly, a causality analysis of the relevant variables was undertaken in order to verify the
relevance of non-oil export on growth in Nigeria. Interestingly, non-oil export commodities fail to enhance
growth of the economy in recent findings, while agriculture, openness and exports promote growth in both the
short and long run in our dear country
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Keywords
Non-oil exports, Agriculture, Oil dependency
Citation
Mustapha S.A, Akinkuotu O.K., Shiro A. and Yusuf I.A. (2013), Can Non-Oil Exports Boost Agricultural Sector Performance in Nigeria? A Tale for Oil Independency. Research Journal of Finance and Accounting, Vol.4, No 19, pages 144-156