International records / OpenAlex research

Balance of Payments and Economic Growth in Nigeria

This study explored the effect of balance of payments on economic growth in Nigeria. The objectives of the study were to establish the connection between the balance of payments and economic growth. Secondary data were gathered from the Central Bank of Nigeria Statistical Bulletin. The Augmented Dickey-Fuller (ADF) test were used to test for stationarity, the results reveal that the variables were statistically at mixed order also the study found that there is cointegration using ARDL method. 99.8 per cent variation in gross domestic product in Nigeria were explained by variation in balance of…