IMPACT OF LAND BORDER CLOSURE ON DOMESTIC PRODUCTION IN NIGERIA

Abstract

This study examines the impact of land border closure on domestic production in Nigeria from 1981 to 2019. The study sourced for the data on GDP (Proxy for domestic production), Import, Export, Trade Openness and Market Capitalization used for this study from the central bank of Nigeria. The data were analyzed with the aid of vector error correction model after testing for unit root and cointegration respectively. The results of the analysis revealed that export has positive and significant relationship with the GDP of Nigeria while import, trade openness and market capitalization all have negative impact on Nigeria’s GDP. The study recommends among others that Nigerian government should strengthen trade restriction policies and support firms involved in export manufacturing commodities.