International records / OpenAlex research

Non-Oil Exports, Exchange Rate Management and Economic Growth in Nigeria

In Nigeria like most developing countries, especially the sub-Sahara African countries, exports are largely determined by factors other than a country's trade policy, such as world demand and prices with major commodity-exporting nations having high export/GDP ratios even if they have very restrictive trade policies. Oil and gas accounted for over 90 percent of Nigeria's foreign exchange earnings since the oil boom of the 1970s to date. The non-oil exports had shown significant positive trends of improvement beginning from 1960 to 1986 when SAP was introduced in Nigeria. At the instance of SAP…