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Promoting Sustainable Development in Nigeria through the Non Oil Sector Export

机译:通过非石油部门出口促进尼日利亚的可持续发展

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This paper set out to examine the non oil sector production for export as an alternative source of revenue for sustainable growth and development of Nigeria. The study evaluated selected World Development Indicators for Nigeria and compared them with those of some African countries and emerging economies, to see areas of similarities and differences for positive adjustment. It also employed the test of Cointegration and Error Correction Mechanism (ECM) in the analysis of the variables under study. The implications of the result show that investment in the non oil sector (Industrial /Manufacturing, Agricultural and Solid Minerals Production) can lead to economic growth and development because of its potential impact on generating additional revenue, reducing unemployment and poverty. This can not be experienced without government making the right policy decisions on institutions, research, trade, and education for technological adaptations.
机译:本文着手研究用于出口的非石油部门生产,以此作为尼日利亚可持续增长和发展的替代收入来源。该研究评估了选定的尼日利亚《世界发展指标》,并将其与一些非洲国家和新兴经济体的指标进行了比较,以找出可以进行积极调整的异同领域。它还在分析所研究变量时采用了协整和纠错机制(ECM)测试。结果的含义表明,对非石油部门的投资(工业/制造,农业和固体矿物质生产)可以促进经济增长和发展,因为这可能对增加收入,减少失业和贫困产生影响。没有政府就机构,研究,贸易和技术改造做出正确的政策决定,政府就无法做到这一点。

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