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Service Sector Performance, Industry and Growth in Nigeria

Author

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  • Oluseun A. Ishola

    (Centre for Management Development, Ibadan, Nigeria)

  • Modinat O. Olusoji

    (Centre for Management Developement, Lagos, Nigeria)

Abstract

This article extends previous empirical studies on service-industrial sector interactions and their impact on growth. It provides evidence from quarterly time series data using OLS, from 2010 to 2016 to account for new subsectors introduced from 2010 following the rebasing of the Nigerian economy. The article employs a disaggregated model to capture the individual productivities of subsectors. Series stationarity was determined with the ADF and PP test, thereafter Johansen technique was applied. The results indicate that while both services and the industrial sector contributed significantly to the economic growth (GDP) of Nigeria, some subsectors i.e. public administration, professional, scientific and technical services, transport (road, rail, pipeline, air, water), utilities (electricity, gas, and water supply, sewage, waste management) were found to be deficient. Finally, this article draws some policy implications to further strengthen the service and industrial sectors so as to maximise the potentials therein through the prescription of sector-specific policies.

Suggested Citation

  • Oluseun A. Ishola & Modinat O. Olusoji, 2020. "Service Sector Performance, Industry and Growth in Nigeria," International Journal of Service Science, Management, Engineering, and Technology (IJSSMET), IGI Global, vol. 11(1), pages 31-45, January.
    • Handle: RePEc:igg:jssmet:v:11:y:2020:i:1:p:31-45
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    Cited by:

    1. Joseph Osaro Denwi & Nenubari John Ikue & Joseph Jite Onodjaefe & Mtomabari Simeon, 2022. "Trade Liberalization Policy and Economic Growth in Africa: A Threshold Analysis," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 11(7), pages 178-188, October.
    2. YOUNG Ademola Obafemi, 2022. "Non-Oil Sectors, Economic Diversification And Growth In Nigeria: Further Empirical Evidence," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 17(1), pages 290-311, April.
    3. Yusuff Jelili Amuda, 2022. "Evaluation of Agricultural Policies and Programmes for Sustainable Future Farming Intensification in Nigeria," International Journal of Service Science, Management, Engineering, and Technology (IJSSMET), IGI Global, vol. 13(1), pages 1-13, January.
    4. Patrick Kunle Adeosun LADIPO & Ismail Tubosun AREBI & Olushola Solomon AKEKE & Babatunde BISIRIYU, 2021. "Effect Of Customer Service On Corporate Competitive Advantage In The Nigerian Telecoms Service Industry," Management and Marketing Journal, University of Craiova, Faculty of Economics and Business Administration, vol. 0(2), pages 212-229, November.
    5. Kehinde Oluwole OLA & Felix Iredia IFADA, 2023. "Four Major Service Industries and Economic Growth in Nigeria: An Empirical Analysis," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(7), pages 213-228, July.

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