Effects of Import Restrictions on the Nigerian Economy

Student: Rita Dada Adegboye (Project, 2025)
Department of Banking and Finance
Auchi Polytechnic, Auchi, Edo State

Abstract

This study investigates the effects of import restrictions on the Nigerian economy. It specifically analyzes the impact of import restrictions, interest rates, and inflation rates on economic growth from 2013 to 2022. Using multivariate analysis and ordinary least squares regression via E-Views software, the findings reveal that all three variables significantly affect Nigeria’s economic performance. The study recommends offering low interest rates to manufacturers of banned products, encouraging investment in sectors like textiles, and promoting competitiveness and employment expansion.

Keywords
effects import restrictions nigerian economy
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