Oil revenue and economic growth in nigeria pdf
THE IMPACT OF OIL REVENUE ON THE ECONOMIC GROWTH IN NIGERIA ( 1980-2010) BY IBEH FRANCISCA UJUNWA EC/2009/723 DEPARTMENT OF This empirical study examined oil revenue and economic growth in. Nigeria between 1981 to 2014. Secondary data on gross domestic product. (GDP), used as This empirical study examined oil revenue and economic growth in Nigeria between 1981 to 2014. Secondary data on gross domestic product (GDP), used as a The dismal performance of the Nigerian economy in the face of huge rent from oil has rekindled interest on oil revenue and economic growth process in Nigerian. Government must therefore diversify the economy via promotion and creating enabling environment for non-oil sector development in Nigeria; reduce the size of economic growth. Odularu in (2008), shown empirically that domestic and exports oil revenue has positively contributed to the real GDP in Nigeria(Cali 2008). The study uses domestic consumption and export as proxies for Oil revenue, and represents economic growth with real gross domestic product. Using 33 years
balance, inflation, government revenue and exchange rate. a negative relationship between oil prices fluctuations and economic growth. www. worldenergyoutlook.org/media/weo2010.pdf (accessed on 20th September, 2014 ).
8 Nigeria: Looking beyond Oil GDP has slowed, driven by lower oil sector growth and a weaker non-oil sector Nigeria’s economy grew by 2.7%y/y in 2015, which represents the slowest growth in the past five years, much lower than the 5-year real GDP average of 4.8%y/y. Real growth decelerated sharply to 2.1%y/y in Q4’15, Impact of Non-Oil Tax Revenue on Economic Growth: The Nigerian Perspective . Akwe James Ayuba . Securities and Exchange Commission, Nigeria . Abstract . This study a nalyses the impact of Non -oil Tax Revenue on Economic Growth from 1993 to 2012 in Nigeria . To Objective: This study examined the relationship between oil price and economic growth in Nigeria using annual time series data for the period 1974-2014 sourced from Central Bank of Nigeria (CBN) statistical bulletin, OPEC and world bank for the year 2014.Methodology: Non-probability sampling method in the form of availability sampling technique has been applied in selecting the number of years ABSTRACT: This paper examines one of the most controversial issues in the political economy of Nigeria- Revenue allocation in Nigeria and the dependency on oil revenue: the need for alternative solutions. The paper argues that displacement of agricultural products by oil as the on economic growth (though he used crude oil exports only). The This empirical study examined oil revenue and economic growth in Nigeria between 1981 to 2014. Secondary data on gross domestic product (GDP), used as a proxy for economic growth; oil revenue (OREV), and government expenditure (GEXP) which represented the explanatory variables were sourced mainly from CBN publications. Nigeria's economic outlook for 2017. Economic growth is expected to recover slightly, to above 1 percent in 2017, driven mainly by the restoration of oil production to normal levels (2.1 million barrels per day) due to the Government's efforts to resolve the fragile Niger Delta situation, as well as higher oil prices and continued strong growth in Stronger oil prices in early 2017 mean signs of economic recovery in Nigeria, but this will remain fragile until it puts new policies and reforms into effect to create a more favorable environment for sustainable growth.
Abstract: - This study investigated the dynamic relationship between oil revenue, government spending and economic growth in Nigeria over the period 1980 to
The short run regression result also revealed that Petroleum Profit Tax and Company. Income Tax has no significant relationship with economic growth in Nigeria. Compared to similar economies in Africa, Nigeria has a very low tax revenue to GDP ratio, with the bulk of government revenue being derived from oil and gas 1.14 Tax and nontax revenue in Africa as a percent of GDP, 2006–14. 20. 1.15 Relationship Nigeria is set for a rebound, but is projected to be Growth among net oil-importing African%20Development%20Report%202011.pdf. — ——. Nigeria's oil revenue as a percentage of GDP was higher than Ghana in all years in Nigeria and concluded that the taxation granger caused economic growth. 14 Feb 2012 revenues and economic development for the Libyan economy. revises the historically fundamental role of oil revenues in the economic development of the case of Nigeria (for example Carneiro, 2007; Hausmann The bursting of crude oil prices in the international market since mid-2014 has resulted in dwindling oil revenue, which has led to economic recession in Nigeria .
8 Nigeria: Looking beyond Oil GDP has slowed, driven by lower oil sector growth and a weaker non-oil sector Nigeria’s economy grew by 2.7%y/y in 2015, which represents the slowest growth in the past five years, much lower than the 5-year real GDP average of 4.8%y/y. Real growth decelerated sharply to 2.1%y/y in Q4’15,
properly investigate the relationship between oil revenue and Nigeria economic growth. This study aims at achieving the following objectives: 1. Examine the long-run relationship between oil revenue and economic growth in Nigeria; and 2. Determine the extent which oil revenue impacted on the economic growth in Nigeria. ABSTRACT: This study was designed to investigate the tax revenue and Nigerian economic growth for period of three decade, using time series data from 1986 to 2015. The objective of this study was to examine the significant difference between the effects of oil and non oil tax revenue on economic growth in Nigeria. 8 Nigeria: Looking beyond Oil GDP has slowed, driven by lower oil sector growth and a weaker non-oil sector Nigeria’s economy grew by 2.7%y/y in 2015, which represents the slowest growth in the past five years, much lower than the 5-year real GDP average of 4.8%y/y. Real growth decelerated sharply to 2.1%y/y in Q4’15, Impact of Non-Oil Tax Revenue on Economic Growth: The Nigerian Perspective . Akwe James Ayuba . Securities and Exchange Commission, Nigeria . Abstract . This study a nalyses the impact of Non -oil Tax Revenue on Economic Growth from 1993 to 2012 in Nigeria . To Objective: This study examined the relationship between oil price and economic growth in Nigeria using annual time series data for the period 1974-2014 sourced from Central Bank of Nigeria (CBN) statistical bulletin, OPEC and world bank for the year 2014.Methodology: Non-probability sampling method in the form of availability sampling technique has been applied in selecting the number of years ABSTRACT: This paper examines one of the most controversial issues in the political economy of Nigeria- Revenue allocation in Nigeria and the dependency on oil revenue: the need for alternative solutions. The paper argues that displacement of agricultural products by oil as the on economic growth (though he used crude oil exports only). The This empirical study examined oil revenue and economic growth in Nigeria between 1981 to 2014. Secondary data on gross domestic product (GDP), used as a proxy for economic growth; oil revenue (OREV), and government expenditure (GEXP) which represented the explanatory variables were sourced mainly from CBN publications.
unit root test shows that government capital expenditure, oil revenue, gross analyses of the impact of fiscal policy on economic growth in Nigeria for the period
Also, nothing is known about the optimal level of oil revenue in Nigeria which would spur or mar economic growth. How important is oil revenue in Nigerian growth process Evidence from a By the time Nigeria became politically independent in October 1960, agriculture was the dominant sector of the economy, contributing about 70% of the Gross Domestic Product (GDP), employing about the same percentage of the working population, and accounting for about 90% of foreign earnings and Federal Government revenue. Table 2: Effect of Reduction in Oil Revenue Receipts on GDP growth Projection for 2015 4 List of Figures Chart 1A and 1B: Half-year growth by sector, 2014 & 2015 3 List of Boxes This special edition of the Economic Report on Nigeria aims at serving a dual purpose. First, it The study examined the impact of tax revenue on the Nigerian economy. The objectives of the study were; to examine the relationship between petroleum profit tax and the Nigeria economy, the impact
PDF | This study examined the relationships among oil revenue, government spending, and economic growth in Nigeria. By implication, it investigated | Find 13 Jan 2019 PDF | In spite of the huge rents from oil, the economy still couple with many interest on oil revenue and economic growth process in Nigerian. THE IMPACT OF OIL REVENUE ON THE ECONOMIC GROWTH IN NIGERIA ( 1980-2010) BY IBEH FRANCISCA UJUNWA EC/2009/723 DEPARTMENT OF This empirical study examined oil revenue and economic growth in. Nigeria between 1981 to 2014. Secondary data on gross domestic product. (GDP), used as This empirical study examined oil revenue and economic growth in Nigeria between 1981 to 2014. Secondary data on gross domestic product (GDP), used as a The dismal performance of the Nigerian economy in the face of huge rent from oil has rekindled interest on oil revenue and economic growth process in Nigerian.