SOWEMIMO, E.J.

The study empirically examined the relative contribution of oil and non-oil subsector to export trade in Nigeria. The Augmented Dickey Fuller unit root test was employed to test for the order of integration of the series. It was found to be stationary at first and second differ ences. Then the Johansen Co-integration technique was employed to determine if there is long run relationship between the dependent and independent variables of the model. Furthermore, the Vector Error Correction Mechanism technique (VECM) was used to estimate the regression coefficients and to correct for any disequilibrium between the short run and long run dynamics of the model. The short run and long run version of the model were specified. Results showed that, oil sector was correctly signed and was statistically significant. The study therefore recommends, among others, that proper and effectively outlined policy frameworks should be put in place by the government through the relevant agencies to ensure that non-oil sector is effectively managed and channeled towards contributing significantly to export in Nigeria. This will go a long way in ensuring that the contributions of oil to export in Nigeria is significantly reduced