“This study attempts to do the following: Profile the key components of Nigeria’s balance of payments covering the
period 1950-1988; Develop relevant variants of export and import models of Nigeria’s balance of payments; Estimate the parameters of the various models with appropriate econometric techniques; Assess the robustness of the models with relevant statistical diagnostic tests, and compare these with the empirical evidence; Make some estimate of both short-run and long-run trade and domestic feedback elasticities and assess the implications for the balance of payments; Examine the sensitivity of the relevant trade parameters to some conventional fiscal/monetary policy variables in the Nigerian context; Explore the overall policy implications of the findings of this study for balance of payments management in Nigeria; and
Identify areas of further research into Nigeria’s balance of payment management.”
