SERVICE TRADE AND NON-OIL EXPORT IN NIGERIA

Open Access

Abstract

The paper was set to examine the relationship between different aspects of service trade and non oil export in Nigeria as well as assess the impact of capacity development on value of service trade and the implications for improving value of non oil export in Nigeria. Secondary data 1980 to 2010 were used. Data were analysed using descriptive statistics, correlation analysis and regression analysis. Results show that total service trade value in Nigeria has increased from $1126.59 million in 1980 to $3076.19 million in 2010. Significant correlations existed between the total value of service trade and all the types of service trade except with other service trade value. Road network, government (domestic) capital expenditure on services, agricultural credit and domestic service GDP positively determine exportable services. Recommendations include improvement of service GDP and agricultural credit/loan facilities.