Does Trade Liberalisation Policy Enhance Performance of Non-Oil Export Trade in Nigeria?

Publication Date01 May 2020
DOI10.1177/0015732519894161
AuthorKenneth Onyeanuna Ahamba,Richard Okey Ojike,Marius Ikpe
SubjectCommentaries
Does Trade
Liberalisation Policy
Enhance Performance
of Non-Oil Export
Trade in Nigeria?
Marius Ikpe1, Richard Okey Ojike1
and Kenneth Onyeanuna Ahamba1
Abstract
Decades after the trade liberalisation policy shift, poor performance problem
of non-oil export in Nigeria (a net-oil exporting economy) persists. Against this
backdrop, and given the lack of analytical depth among Nigerian-specific studies,
this study empirically provided answer to the question of whether trade liber-
alisation policy enhances non-oil export trade in Nigeria. The study adopted an
Autoregressive Distributed Lag model approach to the analysis of the impact of
trade liberalisation policy on non-oil export trade. Evidence provided support
for trade liberalisation policy as the growth driver for non-oil export, a sector
that exports more but earns little in terms of revenue. As a result, the study
recommends a well thought-out public–private partnership arrangement for the
efficiency of the private sector (a major player in non-oil export trade), to opti-
mally harness the benefits of liberalisation in Nigeria’s non-oil trade sub-sector.
JEL Codes: F14, F17, F41, F62
Keywords
Trade liberalisation, non-oil export, gains from trade, economic development,
ARDL model, Nigeria
Commentary
1 Department of Economics and Development Studies, Alex Ekwueme Federal University Ndufu-
Alike Ikwo, Nigeria.
Corresponding author:
Marius Ikpe, Department of Economics and Dev. Studies, Alex Ekwueme Federal University,
Ndufu-Alike Ikwo, PMB 1010, Abakaliki, Ebonyi, Nigeria.
E-mail: marius_ikpe@yahoo.com
Foreign Trade Review
55(2) 248–260, 2020
© 2020 Indian Institute of
Foreign Trade
Reprints and permissions:
in.sagepub.com/journals-permissions-india
DOI: 10.1177/0015732519894161
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