ABSTRACT
This research work was
conducted to in vest/gate effect of oil and gas revenue on the economic growth
of Niger/a for the period of 2000-2014, secondary data was extracted from the
Central Bank of Nigeria Statistical Bulletin,2014. The data collected from 2000
to 2014 were Real Gross Domestic Product (RGDP) used as proxy for economic
growth while oil revenue and petroleum profits tax represent each of the
independent variables in the model, using Ordinary Least Square(OLS) regression
technique was used to determine the long run effect between 0/- revenue and
economic growth and between petroleum profit tax and economic growth based on
the stated hypotheses. Considering the impact of time on changes in economic
variables, the analysis was carried out using the Simple Regression model was
used to evaluate the data collected. The result shows that Oil Revenue is
having significant effect on Economic Growth of Nigeria. The study will
therefore reject the null hypothese and concludes that Petroleum Profits Tax
has significant effect of Real Gross Domestic Product. Based on these findings,
the researcher recommends that government should formulate appropriate policy
mix that would motivate the firm in the oil sector to enhance improved
performance and contribution of the sector.
OKEY, O (2021). Effect Of Oil And Gas Revenue In Economic Growth Of Nigeria (2000-2014). Mouau.afribary.org: Retrieved Nov 28, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-oil-and-gas-revenue-in-economic-growth-of-nigeria-2000-2014-7-2
ODOCHI, OKEY. "Effect Of Oil And Gas Revenue In Economic Growth Of Nigeria (2000-2014)" Mouau.afribary.org. Mouau.afribary.org, 19 Nov. 2021, https://repository.mouau.edu.ng/work/view/effect-of-oil-and-gas-revenue-in-economic-growth-of-nigeria-2000-2014-7-2. Accessed 28 Nov. 2024.
ODOCHI, OKEY. "Effect Of Oil And Gas Revenue In Economic Growth Of Nigeria (2000-2014)". Mouau.afribary.org, Mouau.afribary.org, 19 Nov. 2021. Web. 28 Nov. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-oil-and-gas-revenue-in-economic-growth-of-nigeria-2000-2014-7-2 >.
ODOCHI, OKEY. "Effect Of Oil And Gas Revenue In Economic Growth Of Nigeria (2000-2014)" Mouau.afribary.org (2021). Accessed 28 Nov. 2024. https://repository.mouau.edu.ng/work/view/effect-of-oil-and-gas-revenue-in-economic-growth-of-nigeria-2000-2014-7-2