IMPACT OF EXCHANGE RATE CHANGES ON NON-OIL EXPORTS IN NIGERIA

ABSTRACT

The study investigates the impact of exchange rate changes on non-oil export in Nigeria between 1970 and 2014, using Nigeria time series data; The study examines the significant role of exchange rate and inflation on non-oil export of the economy which other studies might have ignore; In achieving the objectives of this study, Ordinary Least Square methods involving Augmented Dickey-Fuller (ADF), unit roots test of stationarity, were applied; The result shows that exchange rate and inflation have no significant impact on non-oil export whereas trade openness have a positive relationship with non-oil export, which shows that trade openness increases non-oil export in Nigeria; This study amongst others encourages the government to strengthen the legislative and supervisory framework of non-oil sectors in Nigeria and diversify the economy to ensure maximum contributions from all faces of the sectors to economic growth of Nigeria, as well as enhancing the productivity and output of non-oil commodities coupled with providing markets for the commodities.

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