- INTRODUCTIONBackground to study——————————————————1-Problem Statement ——————————————————–6Scope of the Study——————————————————–8Objectives of the Study————————————————–8Justification of the Study————————————————9 Research Questions—————————————————–10Research Hypothesis—————————————————-10Research Methodology—————————————————11Sources of Data————————————————————-11Outline of Chapters——————————————————–11CHAPTER TWO: LITERATURE REVIEWIntroduction——————————————————————-13 Empirical issues———————————————————–13Types of Exchange Rate————————————————16Exchange Rate Management in Nigeria—————————17 Policy Changes Since 1994 and Non-oil exports————–18 Other Factors Affecting Non-oil Exports————————–20Theoretical Issues———————————————————-23-23CHAPTER THREE: THEORETICAL FRAMEWORK AND MODEL SPECIFICATIONIntroduction——————————————————————-25Theoretical Framework—————————————————25Research Methodology—————————————————293.
- 3.1 Method Applied———————————————————————–29
3.
- 3.2 Model Specification—————————————————————–30
3.
- 3.3 Theoretical Expectation————————————————————32
Chapter FOUR
DATA PRESENTATION AND ANALYSIS
- EMPIRICAL ANALYSISIntroduction——————————————————————-34Presentation of Regression Result———————————–35Data Analysis and Result———————————————–37-364.
- 3.1 Analysis of Regression Result—————————————————36
4.
- 3.2 Hypothesis Testing——————————————————————37Analysis of the Structure of Non-oil Exports in Nigeria(1970-2004)————–39CHAPTER FIVE: SUMMARY AND CONCLUSIONSSummary Of Findings—————————————————–46Conclusion and Recommendations———————————–47Limitation to Study———————————————————49Suggestion for Further Study——————————————49APPENDICES
- 1.Bibliography
- 2.Variables for Regression Analysis
- 3. Correlation Matrices
- 4. Regression Result
LIST OF TABLES
Title Page
Table 4.1:Ordinary Least Square Estimation————————————————-35
Table 4.2:Structure of Nigeria’s Exports: 1970- 2004————————————– 40
Table 4.3: Share of Nigeria’s Non-oil Exports in GDP————————————-42
Thesis Abstract
The decline of non-oil exports has had adverse effect on the economy. Since 1986, the federal government has formulated policies to enhance non-oil exports, put in place incentives and institutional support framework effective implementation.
This paper examines these policies to investigate the extent to which the exchange rate can boost non-oil exports especially agricultural, manufactured and mining exports. This paper is derived from the recognition that the country’s current economic predicament is partly a product of her over reliance on the oil sector for foreign exchange earnings. Hence, if non-oil exports can be expanded, it would no doubt cushion the economy against the undesirable effects of instability in the world market. Nigeria should draw closer to other countries in the region with a view of encouraging intra-African trade. In addition, commodity agreement should be vigorously pursued and commodity exchange utilized to manage the price risks inherent in trading
Finally, improvement in non-oil production and export will occur only if there is consistency and continuity of policies as well as political stability.
It is on this note that this project was written.