MA 34 CHINA-NIGERIA TRADE RELATIONS AND ITS EFFECT ON THE ECONOMIC GROWTH OF NIGERIA

CHINA-NIGERIA TRADE RELATIONS AND ITS EFFECT
ON THE ECONOMIC GROWTH OF NIGERIA

Opusunju, Michael Isaac, Ph.D.
Akyuz, Murat, Ph.D.
Inim, E. Victor, Ph.D.



Abstract
Trade relations have become an important for economic growth, yet, it is uncertain whether
Nigeria import of Chinese goods influenced economic growth or China export of Nigeria product
influence economic growth in Nigeria. The study used ex-post facto research design and the
data collected from Central Bank of Nigeria. The study employed various procedures in
analysing the data such as measurement of variables, descriptive statistics, correlation matrix,
unit root test, co-integration and Vector Error Correction Model. The study revealed that here is a
long-run relationship between real gross domestic product and export from Nigeria to China in
Nigeria and also there is a long-run relationship between real gross domestic product and import
from China to Nigeria in Nigeria. The study found that that causality runs from export of goods
from Nigeria to China to real gross domestic product which implies that export from Nigeria to
China affect gross domestic product in Nigeria. Also, found that causality runs from real gross
domestic product to import from China to Nigeria which implies that real gross domestic product
affect import from China to Nigeria in Nigeria. The study recommended that Nigerian
Government should discontinue from export to China since it affect economic growth due to the
fact that they only have limited goods to export with China while they import virtually everything
from China. They should minimize corruption and control exchange rate with China so that in
future if they want to enter into trade relations, they will also gain from trade with any nation.

Keywords: Economic growth, Real Gross domestic product, Export trade, Import trade, China-
Nigeria relations

Akyuz, M., Opusunju, M. I., & Inim, V. E. (2020, May). China-Nigeria Trade Relations and Its Effect on the Economic Growth of Nigeria. International Journal of Economics, Commerce and Management, 8(5), 9-29. Retrieved from http://ijecm.co.uk/

https://drive.google.com/open?id=1BZI_ZLhwgHLwLt_sSRpZMZES-nz6bjdb 

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