Impact of Oil And Non-Oil Export on Nigeria Economy By

Ajayi Olaniyi Adewale

Department of Educational Foudation and Management.

Ekiti State University, Ado –Ekiti, Ekiti State, Nigeria

 ABSTRACT

This paper examined the impact of oil and non-oil export on Nigerian economy. It reviewed literature on the macroeconomic policy and the relative impact of oil and non-oil export on the economy. It also reviewed the contribution of both oil and non-oil export on Nigeria Gross Domestic Product over the years and compared the contribution of both oil and non-oil export on Nigerian economy. This was necessitated by the need to understand the contribution of both oil and non-oil export on Nigerian economy. The study concluded that oil has greater contribution to the economic growth of Nigeria due to the neglect of agriculture since the beginning of oil boom.

Keywords: Agriculture, Economy, Macro-economic Policy, Non- Oil, Oil