International Trade as a Catalyst for Economic Growth in Nigeria

Abstract

This research work explored international trade and how it can boost the economic condition of Nigeria. The focus of this research work was broken down into three objectives addressing the relationship between exportation and economic growth; importation and economic development; and exportation and balance of trade. Simple linear regression model was employed to illustrate this relationship. Ordinary least squares regression was employed in testing the hypothesis of which results revealed that the volume of Exports in Nigeria has no significant impact on economic growth; the volume of Imports in Nigeria has significant impact on economic development; and that exportation has significant impact on International Trade in Nigeria.