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Growth in Nigeria’s Non-Oil Export Finance and Non-Oil Export Performance: A Correlational Analysis

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  • Barine Michael Nwidobie

    (Department of Accounting and Finance, Caleb University, Lagos, Nigeria)

Abstract

The growth in non-oil merchandise the world over is stimulated by individual governments’ monetary and fiscal policies. Finances are provided export-producing firms to improve and modernize capacity to make Nigeria’s non-oil export commodities competitive in the export market. Data obtained on Nigeria’s export finances provided non-oil export commodity producers and their export volumes were analysed to determine the growth in those variables on consecutive year’s basis. Resultant values were further analysed using the kendall’s tau-b correlation coefficient to determine if changes in non-oil export financing affect changes in non-oil export volume commensurately. Correlation value of 0.025 show positive insignificant relationship between changes in both variables necessitating an inquiry into non-oil export financings by the monetary authorities to ensure that purported non-oil financings are actually provided for this purpose with an inquiry into the operations of the receiving non-oil export producing firms; and the reappraisal of the operational, fiscal and operational government policies inhibiting production for export.

Suggested Citation

  • Barine Michael Nwidobie, 2014. "Growth in Nigeria’s Non-Oil Export Finance and Non-Oil Export Performance: A Correlational Analysis," International Journal of Business and Social Research, MIR Center for Socio-Economic Research, vol. 4(2), pages 31-39, February.
    • Handle: RePEc:mir:mirbus:v:4:y:2014:i:2:p:31-39
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    References listed on IDEAS

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    Cited by:

    1. Richardson Kojo Edeme & Clifford Nworah Obiayo, 2017. "Analysis of the Responsiveness of Non-Oil Exports to Fiscal and Monetary Policy Actions," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 3(3), pages 92-101, September.

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    Keywords

    Export Finance; Non-Oil Export Growth;

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