Federal finance and statistics / Central Bank of Nigeria

Implications of the African Continental Free Trade Area for Nigeria’s Economic Growth

The objective of this paper is to examine the effect of intra-African Trade on Nigeria’s economic growth from 1981 to 2019. To achieve this, the ARDL modeling technique is employed to investigate the short-run and long-run effects of intra-African trade on Nigeria’s economic growth. The study finds that though the short-run effect is positive but not significant; the long-run effect is significantly positive, and robust to alternative estimation techniques. This suggests that expansion of t | Keywords: Intra-Regional Trade, Economic Integration, Intra-African Trade, African Continental Free Tr…