Oil price fluctuations, oil revenue, and welfare in nigeria

 

Table Of Contents


Chapter ONE

INTRODUCTION

  • 1.1Introduction
  • 1.2Background of Study
  • 1.3Problem Statement
  • 1.4Objective of Study
  • 1.5Limitation of Study
  • 1.6Scope of Study
  • 1.7Significance of Study
  • 1.8Structure of the Research
  • 1.9Definition of Terms

Chapter TWO

LITERATURE REVIEW

  • 2.1Overview of Oil Price Fluctuations
  • 2.2Historical Trends in Oil Prices
  • 2.3Impact of Oil Price Fluctuations on Global Economy
  • 2.4Effects of Oil Price Fluctuations on Nigeria
  • 2.5Oil Revenue in Nigeria
  • 2.6Welfare Indicators in Nigeria
  • 2.7Relationship between Oil Revenue and Welfare
  • 2.8Policies to Mitigate Effects of Oil Price Fluctuations
  • 2.9Comparative Studies on Oil Price Fluctuations
  • 2.10Theoretical Frameworks on Oil Price Fluctuations

Chapter THREE

RESEARCH METHODOLOGY

  • 3.1Research Design
  • 3.2Research Approach
  • 3.3Data Collection Methods
  • 3.4Sampling Techniques
  • 3.5Data Analysis Tools
  • 3.6Validity and Reliability
  • 3.7Ethical Considerations
  • 3.8Limitations of the Methodology

Chapter FOUR

DATA PRESENTATION AND ANALYSIS

  • 4.1Overview of Data Analysis
  • 4.2Descriptive Statistics
  • 4.3Regression Analysis
  • 4.4Correlation Analysis
  • 4.5Findings on Oil Revenue and Welfare
  • 4.6Impact of Oil Price Fluctuations on Welfare
  • 4.7Policy Implications
  • 4.8Recommendations for Future Research

Chapter FIVE

SUMMARY, CONCLUSION AND RECOMMENDATIONS

  • 5.1Summary of Findings
  • 5.2Conclusion
  • 5.3Implications for Policy and Practice
  • 5.4Contributions to Knowledge
  • 5.5Recommendations

Project Abstract

<p> 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 countryโ€™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. <br></p>

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