Oil revenue and economic growth in nigeria
This empirical study examined oil revenue and economic growth in Nigeria between 1981 to 2014. Secondary data on gross domestic product (GDP), used as a This empirical study examined oil revenue and economic growth in. Nigeria was the leading growth sector of the Nigerian economy while oil export was. The study uses domestic consumption and export as proxies for Oil revenue, and represents economic growth with real gross domestic product. Using 33 years The dismal performance of the Nigerian economy in the face of huge rent from oil has rekindled interest on oil revenue and economic growth process in Nigerian. THE IMPACT OF OIL REVENUE ON THE ECONOMIC GROWTH IN NIGERIA ( 1980-2010) BY IBEH FRANCISCA UJUNWA EC/2009/723 DEPARTMENT OF
between oil revenue and economic growth in Nigeria for the period reviewed. IIARD International Journal of Economics and Business Manage ment ISSN 2489-0065 Vol. 4 No. 6 2018
economic growth to alleviate the widespread poverty The Nigerian economy appeared to improve in increases in revenue from the oil sector that reflected. growth in oil producing countries, particularly with reference to Nigeria?” What is the magnitude of the effects of oil and non-oil revenues on economic growth? 1 Sep 2018 growth in Nigeria. Regression model was used to determine the relationship between economic growth and the non-oil revenue. The findings Shell Companies in Nigeria generate revenue for the FGN through the taxes, The oil and gas industry seek to continue to provide support for this wider growth The volatility in oil-driven revenue profile of Nigeria requires public expenditure manage- ment reforms and the need to check the productiveness of government
properly investigate the relationship between oil revenue and Nigeria economic growth. This study aims at achieving the following objectives: 1. Examine the long-run relationship between oil revenue and economic growth in Nigeria; and 2. Determine the extent which oil revenue impacted on the economic growth in Nigeria.
Oil and crude oil production and the revenue derived from it remains the prime mover of Nigeria economy. as at today the country's major balance of payment, The study found that a positive relationship existed between oil revenue and economic growth in Nigeria while it was negative for the non-oil revenue between 29 Oct 2018 Abstract The study investigates the relationship between oil price, revenue variation and economic growth in Nigeria. The study makes use of a economic growth to alleviate the widespread poverty The Nigerian economy appeared to improve in increases in revenue from the oil sector that reflected. growth in oil producing countries, particularly with reference to Nigeria?” What is the magnitude of the effects of oil and non-oil revenues on economic growth?
The government of Nigeria has used the revenue derived from oil through tax and royalties to carry out development projects in the country (Iyohu 2000). This study therefore, aims to illustrate clearly the impact of oil industry on economic growth performance in Nigeria.
The dismal performance of the Nigerian economy in the face of huge rent from oil has rekindled interest on oil revenue and economic growth process in Nigerian. THE IMPACT OF OIL REVENUE ON THE ECONOMIC GROWTH IN NIGERIA ( 1980-2010) BY IBEH FRANCISCA UJUNWA EC/2009/723 DEPARTMENT OF INSTRUCTIONS: Impact Of Oil Revenue On The Economic Growth In Nigeria project material. Please, sit back and study the below research material carefully.
The Oil and Gas industry's contribution to the economy is at approximately 8.86% . GDP Growth Rate Real GDP Growth % 1961 1967 1973 1979 1985 1991 1997 2003 Nigeria produced 780.69million barrels of crude oil in 2015 which was the The total pool of revenue from the Federal, State, and Local Governments
From the findings, the study concludes that variations in oil price and oil revenue are strong determinant factors of economic growth in Nigeria. A major recommendation is that, oil revenue should be restructured towards the strategic sectors of the economy to aid the growth in Nigeria.
increase in oil production and oil revenue in Nigeria, is expected to favour overall gross domestic product per capita and economic growth. However, the GDP Nigeria's economy is dependent on oil rents and revenue. • Oil dependency as a growth strategy is not sustainable. • Diversification and industrialization are