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Anaylsis Of
The Impact Of Tariffs On Economic Growth In Nigeria
ABSTRACT
This study
looks at the impact of tariff on the economic growth of Nigeria. It examines
the extent to which tariff has brought about economic growth in Nigeria between
the period of 1980-2010. Tariff which is a form of tax or trade restriction
levied on imported goods, in order to encourage the infant industries from
international competitions, this can boost economic growth. The ordinary least
square method of regression was used to analysis the relationship between
tariff and economic growth. the T-test was used to determine the individual
parameter estimate. The F-test was used to determine significance of the entire
regression. Econometric analysis also was used to determine the impact of the
tariff and other variables like real gross domestic product as a proxy to
economic growth, export, exchange rate and trade openness on economic growth in
Nigeria. The findings from the regression result show that tariff has a positive
statistical significant impact on economic growth in Nigeria. In conclusion,
tariff including the other variables all work together to stimulate economic
growth. It was recommended that policy on trade should be made to improve
tariff imposition in Nigeria.
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