DETERMINANTS­OF­NIGERIA’S­NON OIL­IMPORT­DEMAND

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DETERMINANTS­OF­NIGERIA’S­NON OIL­IMPORT­DEMAND

Abstract 

Primarily, the study assesses the determinants of non-oil import demand in ­Nigeria.­This­is­aimed­at­measuring­the­relative­strengths­and­nature­of­effects­ofthe  variables that determine Nigeria’s non-oil import demand, and subsequently assessing­the­extent­to­which­results­are­in­conformity­with­those­previouslyobtained­on­a­wider­aggregate­of­the­Nigerian­economy.­An­econometric­methodof­analysis­was­employed.­Results­indicate­deviations­from­the­findings­of­earlierstudies,­as­two­key­variables­previously­reported­as­significant­(real­exchangerate­and­real­income)­showed­insignificant­causational­relationships­in­the­model.

Keywords: Non-Oil Import  Demand, Econometric Model, Static Specification, Insignificant Relationship, Nigerian Economy.