Expansion in non-oil sector and its impact on Nigerian economic growth Department:Banking and Finance By: Timmyreign101 Project ID: 8256 Rating: (5.0) votes: 1 Price:₦3000 Get the Complete MaterialAbstractThe effects of the recent global economic crises on Nigeria’s economy have reaffirmed the urgent need for economic diversification in the country. Although no country is immune to such global crises, the over-reliance on oil export revenue by Nigeria expose her economy excessively to external shocks. Therefore, this research examined the impact of aggregate non-oil sector expansion and Nigerian economic growth from 1990 - 2021. The ordinary least square regression approach was explored to examine the effects of the non-oil exports and revenues and its ensuing impacts on the Gross Domestic Product. The result revealed a significant effect of non-oil export and non-oil revenue on economic growth in Nigeria. It thus recommended that policies aimed at boosting the level and significance of non-oil export should be developed and religiously implemented so as to strengthen the sector to serve as a good alternative source of revenue to promote the Nigerian economy. Keywords: Nonoil revenue, Economic growth, Oil export, Global crisis ...Preview Download Preview +Other Banking and Finance project topics and materials you might be interested in»The role of central bank of Nigeria (CBN) in the development of Nigeria financial sector»Appraisal of the economic implication of electronic banking in Nigerian banks (A case study of diamond bank)»The impact of strategic planning on banks performance in Nigeria (A case study of united bank for Africa plc)»Evaluation of the impact of liquidity management on banks performance in Nigeria ( A case study of UBA )»The roles of central bank of Nigeria in the prevention of bank failure or liquidation (A case study of central bank of Nigeria 2005-2009)»The role of financial institutions in promoting banking habit and saving capital formation in Nigeria»The effect of electronic banking on fraud reduction in bank (A case study of access bank plc)»The effectiveness of monetary policy measures in controlling inflation in Nigeria»Problems and challenges facing finance houses in the Nigerian economy ( A case study of mortgage bank owerri )»The role of deposit money bank in Nigeria in economy development in Nigeria - a case study of Access Bank Plc»Motivation as a way of reducing fraud in banking industry ( A case study of UBA and Fidelity bank )»Identification and management of bad debts in Nigeria commercial banks(A case study of UBA plc)»The impact of insurance industry on the economic growth of Nigeria (A case study of nicon and hallmark insurance companies 2005-2009)»The contribution and effect of computer to modern day banking in Nigeria (A case study of zenith bank and first bank plc)»The use of accounting information in assessing control and performance in an organization (A case study of first bank of Nigeria owerri)