| Summary, etc |
ABSTRACT<br/>This study examines the trend analysis of industrial sector and economic growth in Nigeria. It<br/>also examined the impact of manufacturing sector on economic growth, the effect of solid mineral<br/>sector on economic growth and the impact of energy sector on economic growth in Nigeria. This study spans a period of 1970 to 2020 while using time series data on relevant data in<br/>respect to the research objectives. Some of which are electricity, manufacturing sector output, labor<br/>force, real interest rate, inflation, foreign direct investment, trade openness etc. These data were<br/>collated across various sources, some of which include World Development Indicators (WDI), Central<br/>Bank of Nigeria statistical bulletin etc data collected were analyzed using tables. The analysis performed were unit root test, using both Augmented Dickey-Fuller (ADF) test<br/>and the Phillip and Perron (PP) test, the lag order of the ARDL models using VAR lag order selection<br/>criteria. Also, long run and short run relationship across various variables were determined using the<br/>bounds test approach for co integration and the Error Correction form. The results obtained from this research shows that the relationship between the energy sector<br/>and economic growth is positive in the long-run and negative in the short-run and statistically<br/>significant in the short run and long run. Also, Manufacturing Sector Output was found to have a<br/>positive and significant relationship with economic growth in the short run. The Solid Mineral Sector<br/>was also seen to have a positive and insignificant effect on economic growth. This study concludes<br/>that these variables are significant components to the performance of the industrial sector<br/>development plan in Nigeria |
