JOURNAL OF AFRICAN CONTEMPORARY RESEARCH

This study examines the effect of oil and non-oil exports on economic growth in Nigeria, covering a period of thirty-three years i.e. from 1990 to 2022. The research was based on the Two-Gap Model. The research utilised time series data obtained from the statistics bulletin of the Central Bank of Nigeria (CBN). The data analysis methods utilised included the Augmented Dickey-Fuller (ADF) statistic, the Autoregressive Distributive Lag (ARDL) technique, and the Error Correction Model. The major finding of the research is that oil exports have a significant and positive effect on the Gross Domestic Product (GDP) in both the short and long run. Likewise, non-oil exports have a positive and significant impact on GDP, both in the short and long run. Nevertheless, the exchange rate has a significantly negative impact on GDP in both short and long run. The study concluded that both oil and non-oil exports have a positive and significant influence on the growth of the Nigerian economy. The study recommended among others that the Nigerian government should diversify its range of products, simplify the export procedures and strengthen Nigerian businesses in order to increase the percentage of non-oil exports in the total Nigerian export volume for increased economic growth.