Impact of Oil and Non-Oil Exports on Nigeria’s Economic Growth

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Oil exports positively affect GDP in both the short and long term, indicating strong economic growth.
Non-oil exports have a significant long-term negative impact on GDP, although the short-term effect is insignificant.
The study utilized the ARDL technique to analyze data from 1981 to 2023, focusing on oil and non-oil exports.
Investments in oil production and diversification of non-oil exports are recommended to enhance Nigeria’s economic growth.

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Analysis shows strong positive effects of oil exports on GDP in Nigeria, suggesting economic implications for policy.

Owamah et al. (2025) studied this question.

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