International records / OpenAlex research

Empirical Analysis of the Service Sector and Economic Growth Nexus in Nigeria

This paper did an empirical analysis of the service sector and economic growth nexus in Nigeria. Background: Service sector’s contribution to GDP has declined slightly from average of 50% between 1982 and 1985 to 45% between 2020 and 2023. The disregard of the service sector and preference of the oil sector seem to be limiting the sector’s greater productivity. Aims: This study specifically sought to ascertain the nexus between trade; transportation & storage; information & communication; financial & insurance; real estate and GDP in Nigeria for the period 1981 to 2023. Methodology: This study…