ABSTRACT
The study focused on the impact oftrade
openness on economic growth in Nigeria covering the period of1981 to 2018. The
objectives ofthe study were to investigate the impact oftrade openness on
economic growth in Nigeria and to ascertain the long run relationship between
trade openness and economic growth in Nigeria. Ordinary Least Square regression
technique was employed in the study and revealed that; trade openness has a
positive and significant impact on economic growth in Nigeria, inflation rate
and exchange rate have a negative but insignificant impact on economic growth
in Nigeria, while broad money supply has a positive and significant impact on
economic growth in Nigeria. Lastly there exist a long run relationship between
trade openness andeconomic growth in Nigeria. Based on thefindings,
thefollowing recommendation were made; Nigeria trade with the rest ofthe world
shoidd be further liberalized also there is needs to fully integrate her
economy and deregulate all sectors in order to fully enjoy the benefits oftrade
openness. This will take some time but any backsliding in the present economic
reform will not produce goodresultforthe entire economy. There is needfor
government to adoptpolicies capable ofreducing inflation rate in Nigeria for
example encouraging local production ofgoods in the country. This will also
attract more foreign investment in the country and in a long run increase
growth and development
MICHAEL, U (2026). Impact of Trade Openness on Economic Growth of Nigeria:- Okoye Onyinyechi F. Mouau.afribary.org: Retrieved May 29, 2026, from https://repository.mouau.edu.ng/work/view/impact-of-trade-openness-on-economic-growth-of-nigeria-okoye-onyinyechi-f-7-2
UNIVERSITY, MICHAEL. "Impact of Trade Openness on Economic Growth of Nigeria:- Okoye Onyinyechi F" Mouau.afribary.org. Mouau.afribary.org, 29 May. 2026, https://repository.mouau.edu.ng/work/view/impact-of-trade-openness-on-economic-growth-of-nigeria-okoye-onyinyechi-f-7-2. Accessed 29 May. 2026.
UNIVERSITY, MICHAEL. "Impact of Trade Openness on Economic Growth of Nigeria:- Okoye Onyinyechi F". Mouau.afribary.org, Mouau.afribary.org, 29 May. 2026. Web. 29 May. 2026. < https://repository.mouau.edu.ng/work/view/impact-of-trade-openness-on-economic-growth-of-nigeria-okoye-onyinyechi-f-7-2 >.
UNIVERSITY, MICHAEL. "Impact of Trade Openness on Economic Growth of Nigeria:- Okoye Onyinyechi F" Mouau.afribary.org (2026). Accessed 29 May. 2026. https://repository.mouau.edu.ng/work/view/impact-of-trade-openness-on-economic-growth-of-nigeria-okoye-onyinyechi-f-7-2