Oil price fluctuations, oil revenue, and welfare in nigeria
Table Of Contents
Chapter ONE
1.1 Introduction1.2 Background of Study
1.3 Problem Statement
1.4 Objective of Study
1.5 Limitation of Study
1.6 Scope of Study
1.7 Significance of Study
1.8 Structure of the Research
1.9 Definition of Terms
Chapter TWO
2.1 Overview of Oil Price Fluctuations2.2 Impact of Oil Price Fluctuations on the Economy
2.3 Relationship Between Oil Revenue and Economic Growth
2.4 Theoretical Frameworks on Oil Price Fluctuations
2.5 Empirical Studies on Oil Price Fluctuations
2.6 Government Policies in Response to Oil Price Fluctuations
2.7 Impact of Oil Revenue on Welfare
2.8 Challenges Associated with Oil Revenue Management
2.9 International Perspectives on Oil Price Fluctuations
2.10 Sustainable Strategies for Managing Oil Price Fluctuations
Chapter THREE
3.1 Research Design and Methodology3.2 Data Collection Methods
3.3 Sampling Techniques
3.4 Data Analysis Methods
3.5 Research Instruments
3.6 Ethical Considerations
3.7 Validity and Reliability
3.8 Limitations of the Methodology
Chapter FOUR
4.1 Analysis of Data Collected4.2 Impact of Oil Price Fluctuations on Welfare
4.3 Relationship Between Oil Revenue and Economic Development
4.4 Policy Implications of Findings
4.5 Comparison with Existing Literature
4.6 Recommendations for Policy and Practice
4.7 Future Research Directions
4.8 Discussion of Findings
Chapter FIVE
5.1 Summary of Findings5.2 Conclusion
5.3 Implications for Policy and Practice
5.4 Contributions to Knowledge
5.5 Recommendations for Future Research
Thesis Abstract
Although crude oil in Nigeria is indeed a blessing, the fly in the ointment is the fluctuating price of oil which looks somewhat like a curse. The overdependence on crude oil as the country’s main product leads to Dutch disease syndrome. This study contributes to existing literature by estimating the impact of oil price fluctuations and oil revenue on welfare in Nigeria for the period 1981-2014. Employing the Ordinary Least Square (OLS) estimation technique within an Error Correction Modelling (ECM) framework, this study found that oil price fluctuations have no significant impact on welfare, while oil revenue has a positive and significant impact on welfare. The study recommends among other things that; government should save more when the price of oil rises above its benchmark and; to give full control and management rights of the Excess Crude Account (ECA) and Sovereign Wealth Fund (SWF) to the CBN without any form of interference.
Thesis Overview
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