Impact Of Oil And Non-Oil Revenue To The Nigerian Economy

ABSTRACT

This Research Work Investigates the relationship that exist between GDP and other economic variable like agriculture, services, wholesale and retail trade and oil production. This also include to measure the rate of impart of these economic variable to the Nigerian economy. This is because, it may not be physically possible to access the activities of these economic variables except the research work like this is conducted. Secondary data was collected from CBN bulletin (Golden jubilee edition). Regression analysis was used to analyst data. After the study, it was discovered that a good relationship exist between the variables (total variation in V was A by 96% of the independent variables). The study also reveals that the services has the Lightest impact followed by agriculture and this could be traced to the stability of agriculture and essential services unlike the oil sector which is not stable. Finally sequel to these investigations and more, appropriate recommendations were made after the study.