By: Chukwuemeka B. Chioma, Ahamba K. Onyeanuna, Ejegbu U. Oko
Pages: 323–340, Volume: 3, Number: 1
Published by: AEFUNAI Journal of Economics, Finance and Development Studies, Alex Ekwueme Federal University, Ndufu-Alike, 2/1/2026, 2026
ISSN (Electronic): 2536-6742
DOI:
Impact of International Trade on Economic Growth in Nigeria
Abstract:
This research examined the impact of international trade on Nigeria’s economic growth using annual time series data covering 1981 to 2024. The work employed the autoregressive distributed lag (ARDL) model to analyze the data collected from the Central Bank of Nigeria Statistical Bulletin and World Development Indicators. The findings of the study reveal that export trade has a significant positive impact on gross domestic product in Nigeria in both the short-run and long-run, while import trade has a negative coefficient and significant p-value on GDP in Nigeria in both the short-run and long-run. The control variable of foreign direct investment was also found to be positive. The study emphasizes the need to promote non-oil exports to diversify the revenue base and improve growth.
Keywords: International trade, Economic growth, Export promotion, Terms of trade, Nigeria
How to Cite
Chioma, C. B., Onyeanuna, A. K., & Oko, E. U. (2026). Impact of International Trade on Economic Growth in Nigeria. AEFUNAI Journal of Economics, Finance and Development Studies (AEFUNAI-JEFDS), Vol. 3(1), 323–340.
Creative Commons Attribution 4.0 International License (CC BY 4.0)
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