Economics, Econometrics and Finance
5 years ago

Oil price changes in Nigeria impact government revenue and expenditure significantly.

South Asian Journal of Social Studies and Economics
Impact of Oil Price Changes on Selected Macroeconomic Variables in Nigeria
Harbor Florence Ifeyinwa, Oleka Dorathy Chioma

Paper Summary

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The study looked at how changes in oil prices affected certain things in Nigeria from 1981 to 2016. They used a special model to analyze the data. The results showed that when oil prices went up, it helped the government make more money and spend more, but it didn't make prices in the country go up. The study suggests that Nigeria should not rely only on oil and should find other ways to make money.