INTERNATIONAL TRADE AND ECONOMIC GROWTH IN NIGERIA

This study critically examined the effects of international trade on Nigeria's economic growth, for the period 1980 to 2018.The ordinary least squares technique was employed to estimate the effects of international trade on Gross Domestic Product (GDP), time series data on variables considered relevant indicators of economic growth and international trade were used. The result of the study shows that there is a significant impact of Export trade on the Nigerian economic growth. The study also shows that there are no significant effects of import trade on the economic growth Nigerian for the period under study. Therefore, the study recommends that policy makers should adopt policies that are favourable to trade environment this will stimulate foreign trade leading to increase exports and reduced imports which has a drain on the nations' resources while government should also encourage export diversification into non-oil sector.