GOVERNMENT POLICIES ON NON-OIL EXPORTS (AGRICULTURE) AND THE GROWTH OF THE NIGERIA ECONOMY (1986-2010)

GOVERNMENT POLICIES ON NON-OIL EXPORTS (AGRICULTURE) AND THE GROWTH OF THE NIGERIA ECONOMY (1986-2010)

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ABSTRACT

This research is based on the government polices on non-oil export [agriculture] and the growth of the Nigeria economy. The main objective of this research is to examine government policies on non-oil export [agriculture] on the growth of secondary data which were collected from the Central bank of Nigeria statistical bullet ions. The ordinary least square regression technique was employed in the analysis of the data.

The empirical result reveals that the oil export and non-oil export are able to explain 90.2% and 73.3% of the total variation in the level of gross domestic product respectively. Also agricultural export, oil export, non-oil export and tariff are all positively related to gross domestic product and are able to explain 87.6% of any systematic variation in gross domestic product. It was concluded that non-oil export, oil export and agricultural export has a significant impact on the growth of the Nigerian economy.

It was recommended among others that the need for local sourcing of raw materials and input through agriculture should be intensified; Agricultural activities should be encouraged and improving the technological and infrastructural development and there should also be stable political and economic environment for the attraction of foreign capital and technology and periodic review of export policy packages.

TABLE OF CONTENTS

TITLE PAGE………………………………………………………i

CERTIFICATION……………………………………………….iii

DEDICATION…………………………………………………….iv

ACKNOWLEDGEMENT………………………………………...V

ABSTRACT……………………………………………………...vii

TABLE OF CONTENTS…………………………………….….ix

CHAPTER ONE………………………………………………… 1

     INTRODUCTION…………………………………………..1

1.1   BACKGROUND TO THE STUDY……………….1

1.2   STATEMENT OF THE PROBLEM……………….9

1.3   OBJECTIVES OF THE STUDY…………………13

CHAPTERTWO…………………………………………………22

LITERATURE REVIEW…………………………………22

2.2   PROMOTION OF THE EXPORT IN NIGERIA.23

2.3   NIGERIA  FIRMS NON OIL EXPORT INVOLVEMENT AN ECONOMIC TRANSFORMATION PARADIGM………………30

2.4   CHALLENGES OF EXPORT BUSINESS IN 

       NIGERIA……………………………………………..41

2.5   EXPORT PROMOTION AND GLOBAL                                      

        ECONOMIC CRISIS………………………………50

2.6   ANALYSES OF GOVERNMENT POLICIES AND

NIGERIAN FIRMS EXPORT MARKETING STRATEGY…………………………………………67

2.7   TECHNOLOGY RELATED FACTORS AS DETERMINANTS OF EXPORT POTENTIALS OF NIGERIAN MANUFACTURING FIRMS………………………………………………………78

2.8   EXPORT DIVERSIFICATION AS A PROMOTION

STRATEGY FOR INTRA ECOWAS TRADE EXPANSION………………………………………………86

2.9   FOREIGN DIRECT INVESTMENT, NON-OIL

EXPORTS, AND ECONOMIC GROWTH IN NIGERIA: A CASUALITY ANALYSIS

CHAPTER THREE……………………………………………93

3.1   THEORETICAL FRAMEWORK AND METHODOLOGY………………………………….93

·        RESEARCH METHODOLOGY………………..98

·        METHOD OF DATA ANALYSIS……………..100

CHAPTER FOUR……………………………………………..101

4.1   DATA PRESENTATION, ANALYSIS AND INTERPRETATION OF RESULT……………………………………………101

4.1   DATA PRESENTATION…………………………101

4.2   ANALYSIS…………………………………........

4.3 PRESENTATION AND  INTERPERPRETATION OF REGRESSION OF RESULT…………………………………………………..107

CHAPTER FIVE……….……………………………………..122

SUMMARY, CONCLUSION AND RECCOMMENDATIONS

5.1   SUMMARIES OF FINDINGS…………………122

5.2   CONCLUSION………………………………..…123

5.3   RECOMMENDATION……………………………124

      BIBLIOGRAPHY………………………………………127

CHAPTER ONE

INTRODUCTION

1.1    BACKGROUND TO THE STUDY


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