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

ABSTRACT

The study examined the impact of rate on non-oil exports in Nigeria from 1981-2016 using ordinary least squares which was estimated within the context of error correction model (ECM). The empirical findings of the study provide evidence that there is a negative significant long-run relationship between exchange rate and non-oil export in Nigeria. The result further showed that government expenditure exerted a positive significant effect on non-oil exports. The study therefore recommended that for government to increase the volume of its non-oil export trade there is the need for low and stable exchange rates.

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