OIL REVENUE AND PERFORMANCE OF THE NIGERIAN ECONOMY

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dc.contributor.authorOgbeide, Sunday O.
dc.contributor.authorOlaleye, John O.
dc.contributor.authorIkhu-Omoregbe, Godstime O.
dc.contributor.authorOlubodun, Emmanuel I.
dc.date.accessioned2023-10-04T10:58:18Z
dc.date.available2023-10-04T10:58:18Z
dc.date.issued2016-12
dc.description.abstractThe broad objective of this study examines oil revenues and performance of the Nigeria economy using times series data for the period 1980 to 2014. The ex-post-facto research design was adopted in the methodology of the study while secondary data were extracted from the Central Bank of Nigeria (CBN) statistical bulletin. The data analysis techniques employed is regression analysis using the ordinary least squares techniques. The study found a positive and significant relationship between oil revenue and economic performance of Nigeria. Gini coefficient was found to negatively affect economic performance of Nigeria and is statistically significant. Openness of the economy was positive and statistically significant Oil revenue was found to be positive and statistically significant. The conclusion drawn in this study is that oil revenues enhance the performance of the Nigeria economy in the period examined. The study recommends that proper and adequate improvement in the revenue generation via other sector in the economy is needed which can be achieved through diversification of the economy.en_US
dc.identifier.citationOgbeide, S. O., Olaleyel, J. O., Ikhu-Omoregbe, G. O., & Olubodun, E. I. (2016, December). Oil Revenue and Performance of the Nigerian Economy. Journal of Elresearch in Management and Social Sciences, 61(2), ISSN: 2536-7412.en_US
dc.identifier.issn2536-7412
dc.identifier.urihttp://repository.elizadeuniversity.edu.ng/handle/20.500.12398/1436
dc.language.isoenen_US
dc.publisherJOURNAL OF ELSEARCH I MANAGEMENT AND SOCIAL SCIENCIESen_US
dc.relation.ispartofseriesVolume 2;No. 2
dc.subjectOil revenueen_US
dc.subjectGross Domestic Producten_US
dc.subjectGini coefficienten_US
dc.subjectOpenness of the economyen_US
dc.titleOIL REVENUE AND PERFORMANCE OF THE NIGERIAN ECONOMYen_US
dc.typeArticleen_US
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