Nigeria's Oil Boom: Curse Overturned by Doubling Output, Population Growth.
The study looked at how oil production affects Nigeria's economy. They found that when crude oil output is doubled, it can actually help the economy instead of hurting it. However, having too many oil reserves or oil rent can limit economic growth. On the other hand, a larger population has a positive impact on the country's economic development. This means Nigeria can use its natural resources to improve its economy if it manages its oil revenues better and increases exploration.