The Impact Of Oil And Non - Oil Revenue To 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 impact 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 analyse data. After the study, it was discovered that ajd relationship exist between the variables (total variation in Y was 'A by 96% of the independent variables). The study also reveals that the services has the Iighest 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.

TABLE OF CONTENTS

Title Page i 4

Declaration ii

Certification iii

Dedication iv

Acknowledgement v

Table of Content vi

Abstract viii

CHAPTER ONE

1.0 INTRODUCTION 1

1.1 Background of the Study 1

1.2 Statement of the Problem 2

1.3 Aims and Objective of the Study 2

1.4 Scope and Limitations of the Study 3

CHAPTER TWO

2.0 LITERATURE REVIEW

CHAPTER THREE

3.0 RESEARCH FOCUS AND METHODOLOGY 7

3.1 Data Source and Limitation 7

3.2 Method of Analysis 8

3.2.1 The Normality Assumption 10

3.2.2 Statement of Hypothesis 11

3.2.3 Decision and Conclusion 11

3.2.4 Testing For the Significance of the Individual Parameter

Estimates 13

3.2.5 Testing For the Joint Significance of the Regression Parameters. 13

3.2.4 Coefficient of Determination (R2) 15

3.2.5 Partial Correlation Coefficient 16

CHAPTER FOUR 4

4.0 DATA PRESENTATION AND ANALYSIS 18

4.1.1 Statement of hypothesis 20

4.2 Testing the Significance of the Individual Estimate of the Coefficients 24

4.2.1 Statement of hypothesis 25

4.1.3 Test statistic 25

4.2 Coefficient of Determination R2and Standard Error of the Model 26

CHAPTER FIVE

5.0 INTRODUCTION 28

5.1 Summary 28

5.2 Conclusion 28

5.3 Recommendations 29

5.4 Area for Further Study 29

References

Appendix