[
Abomaye-Nimenibo, P. D., & Samuel, W. A. (2020). An Aerial View of a Black Man Suffering from the Menace of Crude Oil (The Black Gold) Soot. Global Journal of Management and Business Research, 20(3), 1-21.
]Search in Google Scholar
[
Adebayo, O. F. (2013). Palynology of late miocene to pliocene agbada formation, Niger Delta basin, Nigeria. Elixir Geoscience, 56, 13370-13373.
]Search in Google Scholar
[
Adenikinju, A. (2008). Efficiency of the Energy Sector and its Impact on the Competitiveness of the Nigerian Economy. International Association for Energy Economics, 27(32), 27-31.
]Search in Google Scholar
[
Adenugba, A. A., & Dipo, S. O. (2013). Non-oil exports in the economic growth of Nigeria: A study of agricultural and mineral resources. Journal of Educational and Social Research, 3(2), 403. https://doi.org/10.5901/jesr.2013.v3n2p40310.5901/jesr.2013.v3n2p403
]Search in Google Scholar
[
Adeola, O., & Evans, O. (2017). Financial inclusion, financial development, and economic diversification in Nigeria. The Journal of Developing Areas, 51(3), 1-15.10.1353/jda.2017.0057
]Search in Google Scholar
[
Adesoye, B. A., Adelowokan, O. A., Maku, E. O., & Salau, S. O. (2018). Enhancing agricultural value chain for economic diversification in Nigeria. African Journal of Economic Review, 6(1), 103-118.
]Search in Google Scholar
[
Aigbedion, I., & Iyayi, S. E. (2007). Diversifying Nigeria’s petroleum industry International Journal of Physical Sciences, 2(10), 263-270.
]Search in Google Scholar
[
Aigbedion, I., & Iyayi, S. E. (2007). Diversifying Nigeria’s petroleum industry. International Journal of Physical Sciences, 2(10), 263-270.
]Search in Google Scholar
[
Ajibola, A. A., Isiaka, M. A., Nnoli, I. T., & Abimbola, C. A. (2019). Electricity Supply and Economic Diversification in Nigeria (1981-2016). Valahian Journal of Economic Studies, 10(1), 7-19. https://doi.org/10.2478/vjes-2019-000110.2478/vjes-2019-0001
]Search in Google Scholar
[
Akinlo, A.E. (2012). How important is oil in Nigeria’s economic growth? Journal of Sustainable Development. 5 (4), pp.165-179. https://doi.org/10.5539/jsd.v5n4p16510.5539/jsd.v5n4p165
]Search in Google Scholar
[
Al-Marhubi, F. (2000). Export diversification and growth: an empirical investigation. Applied economics letters, 7(9), 559-562. https://doi.org/10.1080/1350485005005900510.1080/13504850050059005
]Search in Google Scholar
[
Antai, A. S., Udo, A. B., & Effiong, C. E. (2016). Analysis of the sectoral linkages and growth prospects in the Nigerian economy. Journal of Economics and Finance (IOSR JEF), 7(6), 73-80.
]Search in Google Scholar
[
Asagunla, T. M. (2018). Oil revenue and output growth in Nigeria. International Journal of Economics and Business Management, 4(6), 65-74.
]Search in Google Scholar
[
Awe, A. A., & Ajayi, S. O. (2009). Diversification of Nigerian revenue base for economic development: The contribution of the non-oil sector.’. Pakistan Journal of Social Sciences, 6(3), 138-143.
]Search in Google Scholar
[
Ayeni, D. A. (2013). Predicting the effects of economic diversification on sustainable tourism development in Nigeria. American Journal of Tourism Management, 2(1), 15-21. https://doi.org/10.5923/j.tourism.20130201.02
]Search in Google Scholar
[
Ayeni, D.A. & Ebohon, O. J. (2012) Exploring Sustainable Tourism in Nigeria for Developmental Growth. European Scientific Journal, 8 (20), pp. 126-140.
]Search in Google Scholar
[
Ayodele, O. S., Akongwale, S., & Nnadozie, U. P. (2013). Economic Diversification in Nigeria: Any Role for Solid Mineral Development? Mediterranean Journal of Social Sciences, 4(6), 691-691.10.5901/mjss.2013.v4n6p691
]Search in Google Scholar
[
Braun, P. A., & Mittnik, S. (1993). Misspecifications in vector autoregressions and their effects on impulse responses and variance decompositions. Journal of Econometrics, 59(3), 319-341. https://doi.org/10.1016/0304-4076(93)90029-510.1016/0304-4076(93)90029-5
]Search in Google Scholar
[
CBN. (2020). Central Bank of Nigeria Statistical Bulletin. Retrieved from https://www.cbn.gov.ng
]Search in Google Scholar
[
Chris, O. I., Amujiri, B. A., & Ndibe, B. (2015). Diversification of the economy: A panacea for Nigerian economic development. International Journal of Multidisciplinary Research and Development, 2(5), 477-483.
]Search in Google Scholar
[
Chuang, Y. C. (1998). Learning by doing, the technology gap, and growth. International Economic Review, 39(3), 697-721. https://doi.org/10.2307/252739610.2307/2527396
]Search in Google Scholar
[
Chukwuma, O. M. (2018). Diversification of Nigeria’s economy through agriculture and solid minerals in the face of dwindling economy. International Journal, 6(3), 147-151.
]Search in Google Scholar
[
Dickey, D. A., & Fuller, W. A. (1979). Distribution of the estimators for autoregressive time series with a unit root. Journal of the American statistical association, 74(366a), 427-431. https://doi.org/10.1080/01621459.1979.1048253110.1080/01621459.1979.10482531
]Search in Google Scholar
[
Dickey, D. A., & Fuller, W. A. (1981). Likelihood ratio statistics for autoregressive time series with a unit root. Econometrica: journal of the Econometric Society, 1057-1072.10.2307/1912517
]Search in Google Scholar
[
Dolado, J. J., & Lütkepohl, H. (1996). Making Wald tests work for cointegrated VAR systems. Econometric Reviews, 15(4), 369-386. https://doi.org/10.1080/0747493960880036210.1080/07474939608800362
]Search in Google Scholar
[
Duru, I. U., & Ehidiamhen, P. O. (2018). Empirical Investigation of the Impact of Export Diversification on Economic Growth: Evidence from Nigeria, 1980-2016. Journal of Economics, Management and Trade, 21(7), 1-24. https://doi.org/10.9734/JEMT/2018/4280610.9734/JEMT/2018/42806
]Search in Google Scholar
[
Economic Recovery and Growth Plan EGRP (2017). Economic Recovery and Growth Plan 2017 2020, Federal Republic and Growth Plan 2017 2020. Federal Republic of Nigeria, Ministry of Budget and National Planning. Retrieved from https://estateintel.com/wp-content/uploads/2017/03/Nigeria-Economic-Refom-Plan-2.pdf
]Search in Google Scholar
[
Edeme, R. K., & Nkalu, N. C. (2019). Predicting the Effects of Economic Diversification on Solid Mineral Development in Nigeria. Journal of Contemporary Research in Business, Economics and Finance, 1, 56-61.10.33094/26410265.2019.14.56.61
]Search in Google Scholar
[
Eko, S. A., Utting, C. A., & Onun, E. U. (2013). Beyond oil: Dual-imperatives for diversifying the Nigerian economy. Journal of Management and strategy, 4(3), 81. http://dx.doi.org/10.5430/jms.v4n3p8110.5430/jms.v4n3p81
]Search in Google Scholar
[
Engle, R. F., & Granger, C. W. (1987). Co-integration and error correction: representation, estimation, and testing. Econometrica: journal of the Econometric Society, 251-276.10.2307/1913236
]Search in Google Scholar
[
Esu, G. E., & Udonwa, U. (2015). Economic diversification and economic growth: Evidence from Nigeria. Journal of Economics and Sustainable Development, 6(16), 56-68.
]Search in Google Scholar
[
Evans, O., & Saibu, O. (2017). Quantifying the impact of monetary and exchange rate policies on economic diversification in Nigeria. Nigerian Journal of Economic and Social Studies, 59(1), 131-152.
]Search in Google Scholar
[
Ewetan, O., Fakile, A., Urhie, E. S., & Odunatan, E. (2017). Agricultural output and economic growth in Nigeria. Journal of African Research in Business & Technology, 2017(516093).
]Search in Google Scholar
[
Feyisayo, H.O, Ihuoma, A.A., & Ojoko E.A. (2015). The Impact of Agricultural and Industrial Sectors on Economic Development in Nigeria. IOSR Journal of Economics and Finance (IOSRJEF), 6(6), 73-81.
]Search in Google Scholar
[
Finger, J. M., & Kreinin, M. E. (1979). A Measure of Export Similarity’ and Its Possible Uses. The Economic Journal, 89(356), 905-912.10.2307/2231506
]Search in Google Scholar
[
Grbić, M. (2020). Stock market development and economic growth: the case of the Republic of Serbia. Post-Communist Economies, 1-16. https://doi.org/10.1080/14631377.2020.174556610.1080/14631377.2020.1745566
]Search in Google Scholar
[
Gylfason, T. (2016). From economic diversification to growth. In Seminar on Natural Resources, Finance, and Growth organized by the Bank of Algeria and held in Algiers. 1-11.
]Search in Google Scholar
[
Herzer, D., & Nowak-Lehnmann D, F. (2006). What does export diversification do for growth? An econometric analysis. Applied economics, 38(15), 1825-1838. https://doi.org/10.1080/0003684050042698310.1080/00036840500426983
]Search in Google Scholar
[
Hundie, S. K. (2014). Savings, investment and economic growth in Ethiopia: Evidence from ARDL approach to co-integration and TYDL Granger-causality tests. Journal of Economics and international finance, 6(10), 232-248. https://doi.org/10.5897/JEIF2014.060010.5897/JEIF2014.0600
]Search in Google Scholar
[
Ifeakachukwu, N. P., & Alao, A. A. (2018). Monetary policy and export diversification in Nigeria. Valahian Journal of Economic Studies, 9(1), 17-28. https://doi.org/10.2478/vjes-2018-000210.2478/vjes-2018-0002
]Search in Google Scholar
[
International Monetary Fund IMF (2020). International Monetary Fund Retrieved from https://www.imf.org/external/datamapper/total_theil@SPRLU/OEMDC/ADVEC/WEOWORLD?year=2010
]Search in Google Scholar
[
Inusa, B. M., Daniel, P. C., Dayagal, D. F., & Chiya, N. S. (2018). Nigerian economic growth and recovery: Role of agriculture. Int J Econ Manag Sci, 7(2), 1-5.10.4172/2162-6359.1000512
]Search in Google Scholar
[
Ishola, O. A., & Olusoji, M. O. (2020). Service Sector Performance, Industry and Growth in Nigeria. International Journal of Service Science, Management, Engineering, and Technology (IJSSMET), 11(1), 31-45. https://doi.org/10.4018/IJSSMET.202001010310.4018/IJSSMET.2020010103
]Search in Google Scholar
[
Iwayemi, A., Adenikinju, A., Adeyemo, A., Adeniyi, O., & Omenka, S. (2014). Mineral wealth and sustainable development: conceptual framework. CPEEL Monograph Series, 1(3), 35-48.
]Search in Google Scholar
[
Izuchukwu, O. O. (2011). Analysis of the contribution of agricultural sector on the Nigerian economic development. World review of business research, 1(1), 191-200.
]Search in Google Scholar
[
Kaulich, F. (2012). Diversification vs. specialization as alternative strategies for economic development: Can we settle a debate by looking at the empirical evidence? Retrieved from https://epub.wu.ac.at/5232/1/WP032012_Ebook.pdf
]Search in Google Scholar
[
Kemi, A. O. (2016). Diversification of Nigeria economy through agricultural production. Journal of Economics and Finance, 7(6), 104-107. https://doi.org/10.9790/5933-070603104107
]Search in Google Scholar
[
Lugeiyamu, E. J. (2016). Is Export Diversification a Key Force to Africa’s Economic Growth? (Doctoral dissertation, Master Thesis, Jönköping University, International Business School).
]Search in Google Scholar
[
Lütkepohl, H. (1993). Testing for causation between two variables in higher-dimensional VAR models. In Studies in applied econometrics (pp. 75-91). Physica-Verlag HD.10.1007/978-3-642-51514-9_4
]Search in Google Scholar
[
Maduaka, A. C. (2014). Contributions of solid mineral sectors to Nigeria’s economic development (Doctoral dissertation, Eastern Mediterranean University (EMU)-Doğu Akdeniz Üniversitesi (DAÜ)).
]Search in Google Scholar
[
Marianne Matthee and Wim Naudé. (2008) Export diversity and regional growth in a developing country context: Empirical evidence. Paper submitted to the Regional Studies Association International Conference: Regions: The Dilemmas of Integration and Competition, Prague. Retrieved from: http://web.unitn.it/files/download/19156/wp162008mattheeandnaude.pdf
]Search in Google Scholar
[
Matthew, O. A., Ede, C., Osabohien, R., Ejemeyovwi, J., Ayanda, T., & Okunbor, J. (2018). Interaction effect of tourism and foreign exchange earnings on economic growth in Nigeria. Global Business Review, 20(1), 1-16. https://doi.org/10.1177/097215091881298510.1177/0972150918812985
]Search in Google Scholar
[
Mbaegbu, D. (2016). An industrialization strategy for economic diversification and sustainable development of Nigeria. International Journal of Advanced Studies in Business Strategies and Management, 4(2), 25-38.
]Search in Google Scholar
[
Munir, K., & Javed, Z. (2018). Export composition and economic growth: Evidence from South Asian countries. South Asian Journal of Business Studies, 7(2), 225-240. https://doi.org/10.1108/SAJBS-10-2017-011710.1108/SAJBS-10-2017-0117
]Search in Google Scholar
[
NEITI (2013). Nigerian Extractive Industries Transparency Initiative (NEITI) audit report prepared by the National Stakeholders Working Group/NEITI. Retrieved from file:///C:/Users/DR%20ADEMOLA%20YOUNG/Downloads/NEITI-APR-2013.pdf
]Search in Google Scholar
[
Nwoba, M. O. E., & Abah, E. O. (2017). Impact of crude oil revenue (COR) on economic growth in Nigeria (1960-2010). IOSR Journal of Humanities and Social Science (IOSRJHSS), 22(7), 85-99. https://doi.org/10.9790/0837-2207158599
]Search in Google Scholar
[
Obamwonyi, S. E., & Aibieyi, S. (2014). Public Policy Failures in Nigeria: Pathway to Underdevelopment. Public Policy and Administration Research, 4(9), 38-44.10.12816/0011183
]Search in Google Scholar
[
Odeniran, S. O., & Udeaja, E. A. (2010). Financial sector development and economic growth: Empirical evidence from Nigeria. Economic and Financial Review, 48(3), 91-124.
]Search in Google Scholar
[
Odetola, T., & Etumnu, C. (2013). Contribution of Agriculture to Economic Growth in Nigeria, International Food Policy Research Institute (IFPRI), Abuja, Nigeria. Proceedings of the 18th Annual African Econometric Society (AES).
]Search in Google Scholar
[
Odularu, O., & Okonkwo, C. (2009). Does energy consumption contribute to economic performance? Empirical evidence from Nigeria. Journal of Economics and International Finance, 1(2), 044-058. https://doi.org/10.5897/JEIF.9000033
]Search in Google Scholar
[
Ogwumike, F. O., & Salisu, A. A. (2012). Financial development and economic growth in Nigeria. Journal of Monetary and economic integration, 12(2), 91-119.
]Search in Google Scholar
[
Olalekan, O., Afees, O., & Ayodele, S. (2016). An Empirical Analysis of the Contribution of Mining Sector to Economic Development in Nigeria. Khazar journal of humanities & social sciences, 19(1), 88-105.10.5782/2223-2621.2016.19.1.88
]Search in Google Scholar
[
Olushola, O. A., & Uzoma, M. E. (2018). Financial sector development and economic growth in Nigeria: an econometrics analysis, 1981-2017. International Journal of Economics and Financial Management, 3(3), 35-50.
]Search in Google Scholar
[
Olusoji, M. O., & Odeleye, A. T. (2018). Service sector potentials in the transformation of the Nigerian economy. BizEcons Quarterly, 2, 24-35.
]Search in Google Scholar
[
Omodero, C. O. (2019). Nigeria’s Economic Diversification with an Emphasis on Hospitality and Tourism Sector as a Necessity. Management Dynamics in the Knowledge Economy, 7(2), 147-164. https://doi.org/10.25019/mdke/7.2.0210.25019/MDKE/7.2.02
]Search in Google Scholar
[
Omorogiuwa, O., Zivkovic, J., & Ademoh, F. (2014). The role of agriculture in the economic development of Nigeria. European Scientific Journal, 10(4), 133-147.
]Search in Google Scholar
[
Onafowara, O. A., Owoye, O., & Huart, F. (2011). The temporal relationship between saving and investment: Evidence from advanced EU countries. International Journal of Business and Social Science, 2(2).
]Search in Google Scholar
[
Oyedepo, S. O. (2012). Energy and sustainable development in Nigeria: the way forward. Energy, Sustainability and Society, 2(1), 15. https://doi.org/10.1186/2192-0567-2-1510.1186/2192-0567-2-15
]Search in Google Scholar
[
Oyeleke, O. J., & Akinlo, T. (2019). Energy generation and economic growth: empirical evidence from Nigeria. Environment, Development and Sustainability, 1-15. https://doi.org/10.1007/s10668-019-00476-410.1007/s10668-019-00476-4
]Search in Google Scholar
[
Ozcicek, O., & Douglas Mcmillin, W. (1999). Lag length selection in vector autoregressive models: symmetric and asymmetric lags. Applied Economics, 31(4), 517-524. https://doi.org/10.1080/00036849932423710.1080/000368499324237
]Search in Google Scholar
[
Papageorgiou, C., & Spatafora, N. (2012). Economic Diversification in LICs: Stylized Facts and Macroeconomic Implications. IMF Staff Discussion Note, December 14. SDN/12/13.10.5089/9781475532180.006
]Search in Google Scholar
[
Pesaran, M. H., Shin, Y., & Smith, R. J. (2001). Bounds testing approaches to the analysis of level relationships. Journal of applied econometrics, 16(3), 289-326. https://doi.org/10.1002/jae.61610.1002/jae.616
]Search in Google Scholar
[
Philips, B., & Perron, P. (1988). Mean Reversion in Stock Prices. Journal of Financial Economics, 22, 27-59.10.1016/0304-405X(88)90021-9
]Search in Google Scholar
[
Prebisch, R. (1950) ‘The Economic Development of Latin America and its Principal Problems’ UN ECLA; also published in Economic Bulletin for Latin America, 7 (1962), 1-22.
]Search in Google Scholar
[
Rahman, M. M., & Shahbaz, M. (2013). Do imports and foreign capital inflows lead economic growth? Cointegration and causality analysis in Pakistan. South Asia Economic Journal, 14(1), 59-81. https://doi.org/10.1177/139156141347794110.1177/1391561413477941
]Search in Google Scholar
[
Riti, J. S., Gubak, H. D., & Madina, D. A. (2016). Growth of non-oil sectors: A key to diversification and economic performance in Nigeria. Public Policy and Administration Research, 6(3), 64-75.
]Search in Google Scholar
[
Shaaban, M., & Petinrin, J. O. (2014). Renewable energy potentials in Nigeria: Meeting rural energy needs. Renewable and Sustainable Energy Reviews, 29, 72-84. https://doi.org/10.1016/j.rser.2013.08.07810.1016/j.rser.2013.08.078
]Search in Google Scholar
[
Shahbaz, M., & Rahman, M. M. (2012). The dynamic of financial development, imports, foreign direct investment and economic growth: cointegration and causality analysis in Pakistan. Global Business Review, 13(2), 201-219. https://doi.org/10.1177/09721509120130020210.1177/097215091201300202
]Search in Google Scholar
[
Singer, H. (1950) ‘The Distribution of Gains Between Investing and Borrowing Countries’, American Economic Review, Papers and Proceedings, 40, 473–85.
]Search in Google Scholar
[
Suberu, O. J., Ajala, O. A., Akande, M. O., & Olure-Bank, A. (2015). Diversification of the Nigerian economy towards a sustainable growth and economic development. International journal of Economics, finance and Management sciences, 3(2), 107-114. https://doi.org/10.11648/j.ijefm.20150302.1510.11648/j.ijefm.20150302.15
]Search in Google Scholar
[
Sule, A., & Inedu, H. (2018). Industrialization and the Quest for Economic Diversification in Nigeria (1970-2017). Abuja Journal of Economics and Allied Fields (AJEAF), 6(2), 11-21.
]Search in Google Scholar
[
Tang, C. F. (2009). Electricity consumption, income, foreign direct investment, and population in Malaysia. Journal of Economic Studies, 36(4) 371-382. https://doi.org/10.1108/0144358091097358310.1108/01443580910973583
]Search in Google Scholar
[
Toda, H. Y., & Yamamoto, T. (1995). Statistical inference in vector autoregressions with possibly integrated processes. Journal of econometrics, 66(1-2), 225-250. https://doi.org/10.1016/0304-4076(94)01616-810.1016/0304-4076(94)01616-8
]Search in Google Scholar
[
Udeaja, E. A., & Nwokoye, E. (2007). Employment Generation through the Development of Non-Oil Sector in Nigeria: Issues and Challenges. Unizik-Journal of Economic Studies, 6(1), 92-106.
]Search in Google Scholar
[
Udeh, S. N., Onwuka, I. O., & Agbaeze, E. (2015). Resolving Nigeria’s dependency on oil-The derivation model. Journal of African studies and development, 7(1), 1-14. https://doi.org/10.5897/JASD2014.0303
]Search in Google Scholar
[
Udoka, C. O., & Duke, S.B. (2017). Diversity Management for Nation Building: A Three Sector Approach in Nigeria. Journal of Finance and Bank Management, 5(1), 66-76. https://doi.org/10.15640/jfbm.v5n1a610.15640/jfbm.v5n1a6
]Search in Google Scholar
[
United Nations (2016). The Concept of Economic Diversification in the Context of Response Measures. https://unfccc.int/sites/default/files/resource/Technical%20paper_Economic%20diversification.pdf
]Search in Google Scholar
[
Uzoigwe, D. C. (2008). Economic development in Nigeria through the agricultural, manufacturing and mining sectors: an econometric approach (Doctoral dissertation, University of Pretoria).
]Search in Google Scholar
[
Uzonwanne, M. C. (2015). Economic diversification in Nigeria in the face of dwindling oil revenue. Journal of Economics and Sustainable Development, 6(4), 61-67.
]Search in Google Scholar
[
World Bank (2020), World Development Indicators, Washington, D.C. World Bank. Retrieved from https://databank.worldbank.org/source/world-development-indicators
]Search in Google Scholar
[
Yamada, H., & Toda, H. Y. (1998). Inference in possibly integrated vector autoregressive models: Some finite sample evidence. Journal of Econometrics, 86(1), 55-95. https://doi.org/10.1016/S0304-4076(97)00109-710.1016/S0304-4076(97)00109-7
]Search in Google Scholar
[
Yusuf, S. A. (2014). Energy Sector is critical to Nigeria Growth and Development: Perspective to Electricity Sub-sector in Nigeria, MPRA Paper 55689, University Library of Munich, Germany.
]Search in Google Scholar
[
Yusuff, M. A., & Akinde, M. A. (2015). Tourism development and economic growth nexus: Nigeria’s experience. European Journal of Hospitality and Tourism Research, 3(4), 1-10
]Search in Google Scholar
