The Impact Of Oil Sector On The Nigerian Economy

69 pages Chapters 5 ID: ECO0039

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Project Details

DepartmentEconomics
TypeProject
Pages69
Chapters5
MethodologyOrdinary Least Square (OLS) Method
Reference StyleYES
FormatMS Word & PDF
Reference No.ECO0039

Abstract

THE IMPACT OF OIL SECTOR ON THENIGERIAN ECONOMYABSTRACTThis research work examined the impact of oil sector on Nigeria economy (1980-2010). Secondary data were used in this research work. The hypothesis was tested to examine the significance of oil sector on Nigerian economy. The analytical techniques used were the simple regression analysis while the student t-ratio was used for the test.From the test, it was observed that a positive relationship existed with oil revenue and GDP. Hence above 85 percent of the changes in GDP is caused by changes in crude oil earnings and this shows that oil se…

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