Theoretical Economics Letters, 2017, 7, 2239-2254 http://www.scirp.org/journal/tel ISSN Online: 2162-2086 ISSN Print: 2162-2078 DOI: 10.4236/tel.2017.77153 Dec. 27, 2017 2239 Theoretical Economics Letters Financial Development, Export and Economic Growth in Nigeria Ismaila Ahmed Sajo, Bin Li Collage of Economics and Trade, Hunan University, Changsha, China Abstract This paper examines the relationship among Financial Development, Export and Economic growth in Nigeria. The ADF and PP test are used in checking the order of integration of the variables and Johasen co-integration metho- dology is employed to investigate the long run relationship among the va- riables. Time series data were collected between 1994 and 2013. The direction of causality between variables is tested by Granger causality test and Ordinary least square (OLS). Econometric techniques were used to estimate the model. Evidence from the study found that exports and transportation development has a positive significant effect and influence in economic growth. While fi- nancial development, international trade structure and energy sector has a negative effect on economic growth. The study recommends that government should continue to intensify its efforts in promoting confidence of the public on such sectors, transform energy sectors through adequate and effective reg- ulation and supervision; the reforms in the financial sector should be sus- tained so as to be able to channel more resources for investment and produc- tive purposes. Keywords Financial Development, Export Structure, Economic Growth and Nigeria 1. Introduction The finance is the core of modern economy. Preventing and dissolving from finance risk, and in achieving financial activities safely, efficiently and steadily are the major factors for developing national economy and financial innovation. Finance is the lifeline of modern economy and if there is no finance globaliza- tion, there is no economy globalization. Finance globalization has been pro- moted to enlarge international finance market; multinational trade species and How to cite this paper: Sajo, I.A. and Li, B. (2017) Financial Development, Export and Economic Growth in Nigeria. Theo- retical Economics Letters, 7, 2239-2254. https://doi.org/10.4236/tel.2017.77153 Received: November 14, 2017 Accepted: December 24, 2017 Published: December 27, 2017 Copyright © 2017 by authors and Scientific Research Publishing Inc. This work is licensed under the Creative Commons Attribution International License (CC BY 4.0). http://creativecommons.org/licenses/by/4.0/ Open Access