Nigerian economic growth: does net migration improve it? Evidence from the ARDL Modeling Technique
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Abstract
Although Nigeria accounts for the largest share of net migration in sub-Saharan Africa, its economic growth has failed to keep pace with the steady rise in net migration. Consequently, this study investigates the potential impact of net migration on Nigeria's economic growth from 1974 to 2021. These data came from World Development Indicators and the United Nations Conference on Trade and Development. Autoregressive Distributed Lag (ARDL) bounds testing method was employed. The cointegration test results indicate that net migration and economic growth have a cointegrating relationship. The empirical findings shows a strong negative long run relationship between net migration and economic expansion in Nigeria. Based on this findings, the study suggests that the government should work to reverse the undesirables that contribute to emigration from Nigeria, including low wages and an unfavourable incentive structure. Infrastructure development is a good way to accomplish this
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