THE RELATIVE IMPACT OF OIL AND NON-OIL EXPORTS ON ECONOMIC GROWTH IN NIGERIA: 1983-2007

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ABSTRACT
The study is made up of two independent models, Gross Domestic Product (GDP) and Investment respectively. The independent variables Oil export, Non-oil export, Real exchange rate and Inflation rate were modeled to capture their effect on GDP and Investment respectively.
The study employed Log Linear Model. Following the empirical findings in this study, we observed that, Non-oil export have not contributed a lot to economic growth in Nigeria but other indicators exert enough pressure on the strength of the economy, evidence from the result of the first model. Judging from the result of the second model, Oil export proves a negative non significant variable with investment growth in Nigeria.
The study recommends appropriate economic policies, institutional reforms and massive political will for the country to address the issues of dwindling exportation of Non-oil sector and the trap of Dutch Disease associated with oil-dependency. 

TABLE OF CONTENT
Title page
Approval page
Dedication
Acknowledgement
Abstract
List of tables
Table of content
           CHAPTER ONE
1.0  Introduction
1.1 Background of study
1.2 Statement of problem
1.3 Objective of the study
1.4 Statement of hypothesis
1.5 Significance of the study
1.6 Scope and limitations of the study
                 CHAPTER TWO  
2.1 Meaning of oil and non-oil exports
2.2 A brief historical perspective on oil in Nigeria
2.3 Oil and economic policies in Nigeria
2.4 The Dutch-Disease
2.5 The boom and burst periods in oil sector and policy response
2.6 Macroeconomic policies and structure of Non-oil export in Nigeria
2.7 Oil export, Non-oil export and Economic growth in Nigeria
          Empirical Literature
                       CHAPTER THREE
Research methodology
3.1 Model Specification
3.2 Method of Evaluation
                      CHAPTER FOUR
4.1 Data presentation
4.2 Data Analysis
                   CHAPTER FIVE
  Summary, Conclusion and Recommendation
5.1 Summary
5.2 Conclusion
5.3 Recommendation
    BIBLIOGRAPHY
Appendix             

LIST OF TABLE
Unit Root Test for Stationarity
Co-integration Result
Modeling Log of Differenced GDP by OLS
Modeling Log of Differenced INV by OLS
Summary of t-statistic test for model 1
Summary of t-statistic test for model 2

CHAPTER ONE
                                  INTRODUCTION
1.1THE BACKGROUND OF THE STUDY
          Oil, a very versatile and flexible, non-reproductive, depleting, natural (hydrocarbon) is a fundamental input into modern economic activity, providing about 50% of the total energy demand in the world. (Anyanwu J.C. et al, 1997)
          Petroleum or crude oil is an oily, bituminous liquid consisting of a mixture of many substances, mainly the element of carbon and hydrogen known as hydrocarbons. It also contains very small amounts of non-hydrocarbon elements, chief amongst which are sulphur (about 0.2 to 0.6% in weight), then nitrogen and oxygen. (Anyanwu J.C. et al, 1997)
          Non-oil exports comprises of agricultural products, solid mineral, textile, tyre, manpower, etc. it is made up of every other thing we export, except petroleum products. In the decades of the 1960s and 1970s, the Nigeria economy was dominated by agricultural commodity exports. Such commodities include cocoa, groundnut, cotton and palm produce. From the mid 1970s, crude...

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