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

Nwidobie Barine Michael

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.    


Keywords


Export Finance, Non-Oil Export Growth, Export Performance

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DOI: http://dx.doi.org/10.18533/ijbsr.v4i2.434

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International journal of business and social research (Print)
ISSN 2164-2540

International journal of business and social research (Online)
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[International Journal of Business and Social Research (IJBSR) previously published by MIR Center for Socio-Economic Research, MD, USA. From February 2018 this journal is published by the LAR Center Press, OR, USA]