Oil price fluctuations, oil revenue, and welfare in nigeria | Blazingprojects Postgraduate Thesis
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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
  • 2.2Impact of Oil Price Fluctuations on the Economy
  • 2.3Relationship Between Oil Revenue and Economic Growth
  • 2.4Theoretical Frameworks on Oil Price Fluctuations
  • 2.5Empirical Studies on Oil Price Fluctuations
  • 2.6Government Policies in Response to Oil Price Fluctuations
  • 2.7Impact of Oil Revenue on Welfare
  • 2.8Challenges Associated with Oil Revenue Management
  • 2.9International Perspectives on Oil Price Fluctuations
  • 2.10Sustainable Strategies for Managing Oil Price Fluctuations

Chapter THREE

RESEARCH METHODOLOGY

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

Chapter FOUR

DATA PRESENTATION AND ANALYSIS

  • 4.1Analysis of Data Collected
  • 4.2Impact of Oil Price Fluctuations on Welfare
  • 4.3Relationship Between Oil Revenue and Economic Development
  • 4.4Policy Implications of Findings
  • 4.5Comparison with Existing Literature
  • 4.6Recommendations for Policy and Practice
  • 4.7Future Research Directions
  • 4.8Discussion of Findings

Chapter FIVE

SUMMARY, CONCLUSION AND RECOMMENDATIONS

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