ABSTRACT

This study examines the contributions of non-oil exports on Nigeria’s economic growth during the period of 1980-2015 employing certain variables such as GDP, non-oil export and exchange rate. The study used GDP as the dependent variable and expressed it as a function of non-oil export and exchange rate. The study was done using the ordinary least square (OLS) method. The study found that there is a positive relationship between non-oil export and economic growth in Nigeria. The Augmented Dickey- Fuller (ADF) unit root test showed that the variables are not co-integrated of the same order. The research result shows that non-oil export has a positive relationship with GDP and exchange rate has a negative relationship with GDP. One of the major findings of the study is that the contributions of non-oil exports to the Nigerian economy over the years have been declining compared to its level in the 1960s. A foremost recommendation is that the government should try as much as possible to diversify the economy because over dependence on oil pose a possible threat to economic growth. The policy if rightly implemented will increase economic growth.