Impact Of Non-Oil Revenue In The Economic Development Of Nigeria (1986-2010)
ABSTRACT
This research work studies the impact of non-oil revenue in
the economic growth and development on Nigeria. This research focuses on the
need to diversify the economy in order to redirect the economy back to path of
growth and development. The simple regression analysis was adopted to examine
the contribution of the non-oil revenue in economic growth process of Nigeria.
The variables employed include: non-oil revenue and the Gross Domestic Product.
The result of the analyses showed that the non-oil revenue sector has
contributed immensely to growth of the economy. This reveals that the impact of
non-oil revenue in economic development cannot be over-emphasized. Some of
recommendations made in the research project are that: there is need for
evolution of the export policy, there is need to motivate the private sector to
increase its drive towards exporting, stabilization of the foreign exchange
stability.
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NWANKUDU, O (2021). Impact Of Non-Oil Revenue In The Economic Development Of Nigeria (1986-2010). Mouau.afribary.org: Retrieved Nov 28, 2024, from https://repository.mouau.edu.ng/work/view/impact-of-non-oil-revenue-in-the-economic-development-of-nigeria-1986-2010-7-2
OGECHI, NWANKUDU. "Impact Of Non-Oil Revenue In The Economic Development Of Nigeria (1986-2010)" Mouau.afribary.org. Mouau.afribary.org, 17 Nov. 2021, https://repository.mouau.edu.ng/work/view/impact-of-non-oil-revenue-in-the-economic-development-of-nigeria-1986-2010-7-2. Accessed 28 Nov. 2024.
OGECHI, NWANKUDU. "Impact Of Non-Oil Revenue In The Economic Development Of Nigeria (1986-2010)". Mouau.afribary.org, Mouau.afribary.org, 17 Nov. 2021. Web. 28 Nov. 2024. < https://repository.mouau.edu.ng/work/view/impact-of-non-oil-revenue-in-the-economic-development-of-nigeria-1986-2010-7-2 >.
OGECHI, NWANKUDU. "Impact Of Non-Oil Revenue In The Economic Development Of Nigeria (1986-2010)" Mouau.afribary.org (2021). Accessed 28 Nov. 2024. https://repository.mouau.edu.ng/work/view/impact-of-non-oil-revenue-in-the-economic-development-of-nigeria-1986-2010-7-2