IMPACTS OF IMPORT GROWTH ON THE DEVELOPMENT OF INDUSTRIAL SECTOR IN NIGERIA
The study was undertaken to find out the impact of import growth on the development of industrial sector in Nigeria. The study employed quantitative techniques over 1988 to 2023 using secondary sources of data from the central bank of Nigeria (CBN) were used. The findings show that imports have a s...
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| Format: | Article |
| Language: | English |
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Kwara State University, Malete Nigeria
2025-06-01
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| Series: | Malete Journal of Accounting and Finance |
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| Online Access: | https://majaf.com.ng/index.php/majaf/article/view/242 |
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| _version_ | 1849222985961963520 |
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| author | Ahmed Oluwatobi ADEKUNLE |
| author_facet | Ahmed Oluwatobi ADEKUNLE |
| author_sort | Ahmed Oluwatobi ADEKUNLE |
| collection | DOAJ |
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The study was undertaken to find out the impact of import growth on the development of industrial sector in Nigeria. The study employed quantitative techniques over 1988 to 2023 using secondary sources of data from the central bank of Nigeria (CBN) were used. The findings show that imports have a significant positive relationship with industrial sector output. Furthermore, a significant relationship is shown between the exchange rate and industrial sector output, though positive and contrary to apriori expectation. The lag value of the dependent variable (indp (-1) is shown to have a significant positive relationship with industrial output. This also meets the apriori expectation. R2 shows a goodness of fit implying that the explanatory variables adequately explained the behavior of the dependent variables. the study recommends lower cost of importing vital raw materials for industries and the monetary authority should maintain exchange rate stability to prevent high price range to the final consumer.
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| format | Article |
| id | doaj-art-dbb1fb264b064e31bdd4f3a2fa510655 |
| institution | Kabale University |
| issn | 2735-9603 |
| language | English |
| publishDate | 2025-06-01 |
| publisher | Kwara State University, Malete Nigeria |
| record_format | Article |
| series | Malete Journal of Accounting and Finance |
| spelling | doaj-art-dbb1fb264b064e31bdd4f3a2fa5106552025-08-26T01:31:01ZengKwara State University, Malete NigeriaMalete Journal of Accounting and Finance2735-96032025-06-0152IMPACTS OF IMPORT GROWTH ON THE DEVELOPMENT OF INDUSTRIAL SECTOR IN NIGERIAAhmed Oluwatobi ADEKUNLE0Kwara State University, Malete The study was undertaken to find out the impact of import growth on the development of industrial sector in Nigeria. The study employed quantitative techniques over 1988 to 2023 using secondary sources of data from the central bank of Nigeria (CBN) were used. The findings show that imports have a significant positive relationship with industrial sector output. Furthermore, a significant relationship is shown between the exchange rate and industrial sector output, though positive and contrary to apriori expectation. The lag value of the dependent variable (indp (-1) is shown to have a significant positive relationship with industrial output. This also meets the apriori expectation. R2 shows a goodness of fit implying that the explanatory variables adequately explained the behavior of the dependent variables. the study recommends lower cost of importing vital raw materials for industries and the monetary authority should maintain exchange rate stability to prevent high price range to the final consumer. https://majaf.com.ng/index.php/majaf/article/view/242Exchange RateImportEconomic developmentIndustrial output |
| spellingShingle | Ahmed Oluwatobi ADEKUNLE IMPACTS OF IMPORT GROWTH ON THE DEVELOPMENT OF INDUSTRIAL SECTOR IN NIGERIA Malete Journal of Accounting and Finance Exchange Rate Import Economic development Industrial output |
| title | IMPACTS OF IMPORT GROWTH ON THE DEVELOPMENT OF INDUSTRIAL SECTOR IN NIGERIA |
| title_full | IMPACTS OF IMPORT GROWTH ON THE DEVELOPMENT OF INDUSTRIAL SECTOR IN NIGERIA |
| title_fullStr | IMPACTS OF IMPORT GROWTH ON THE DEVELOPMENT OF INDUSTRIAL SECTOR IN NIGERIA |
| title_full_unstemmed | IMPACTS OF IMPORT GROWTH ON THE DEVELOPMENT OF INDUSTRIAL SECTOR IN NIGERIA |
| title_short | IMPACTS OF IMPORT GROWTH ON THE DEVELOPMENT OF INDUSTRIAL SECTOR IN NIGERIA |
| title_sort | impacts of import growth on the development of industrial sector in nigeria |
| topic | Exchange Rate Import Economic development Industrial output |
| url | https://majaf.com.ng/index.php/majaf/article/view/242 |
| work_keys_str_mv | AT ahmedoluwatobiadekunle impactsofimportgrowthonthedevelopmentofindustrialsectorinnigeria |