Export of Services and Economic Growth in Nigeria

Abstract:Against the background of rising tradability and the productive nature of services as a result of the revolution in information and communication technology (ICT), this study examined the impact of services exports on economic growth in Nigeria. Time series estimations established a positive relationship between services export and economic growth after controlling for a number of variables. In addition, causality was found to run from export of services to economic growth. This is an indication that services exports offered a new channel for growth that may be of significance for Nigeria, especially when it is trying to get out of the slump in crude oil price and diversify her economy.