International Journal of Economics, Business and Management Studies

Volume 6, Number 2 (2019) pp 355-365 doi 10.20448/802.62.355.365 | Research Articles


The Nexus between Oil and Non-Oil Revenue on Economic Development in Nigeria

Ogunbiyi, Sunday Samuel 1 

Abina, Praise Adedigba 1 ,

1 Finance & Banking Department University of Port Harcourt, Port Harcourt, Nigeria.


Revenue generated from oil and non-oil product serves as the main channel trough which the government generate income to service its public goods. The objective of this study is to investigate the role oil and non-oil revenue play in development process in Nigeria. in the stusy economic development was proxied as human development index which served as the dependent variable while oil and non-oil revenue was used as independent variable. The data for the study was gotten from central bank of Nigeria bulletin and index mudi for the period 1981 to 2018. The study made use of Descriptive Statistics, Augmented Dickey-Fuller Unit Root test, Johansen Cointegration and Error Correction Estimates. The error correction estimates result showed that oil revenue has a negative but significant relationship with human development index, the negative contribution arose as a result of the resource curse ideology while non-oil revenue has a positive but insignificant relationship with human development index. Thus, diversification of exportable product is required. There is need to boost security surveillance on the high sea so as to reduce smuggling which will reduce illegal export of crude oil.


Non-oil Sector Dutch disease Revenue Economy.


Related Articles

  1. The Nexus between Oil and Non-Oil Revenue on Economic Development in Nigeria
  2. Long-Run Relationship between Marketing of Bank Services and the Performance of Deposit Money Banks in Nigeria
  3. The Empirical Analysis of Relationship between Exchange Rate Volatility and Stock Prices Volatility, the Combination of Garch and Ardl Models
  4. The Relationship between Internal Satisfaction and External Satisfaction amongst Hotel Customers in Malaysia
  5. How to differentiate between ‘Leadership’ and ‘Management’ Function in Organization: A Review of Scholarly Thoughts
  6. The Relationship between the Best Practices of Transformational Leadership and Quality of Good Teachers
  7. The Relationship between Family Emotional Support, Psychological Capital, Female Job Satisfaction and Turnover Intention
  8. Mediating Effect of Satisfaction on the Relationship between Teamwork and Employees Engagement in Malaysian Airlines Sector in Malaysia
  9. Does Risk Sharing Contract Foster the Investment Climate of Malaysian Marginal Oil Fields?
  10. Does the Oil Revenues Affect the Macro Economic Variables Performance in Africa ? A Panel Data Analysis
  11. Oil Price Asymmetry and Sectoral Output in Nigeria
  12. Assessment of the Role of Private Enterprises /Small Businesses on Economic Growth (A Study of Some Selected SME’S in Imo State, Nigeria)
  13. The Expansion of the Contemporary Economic Role of Crete throughout its Extensive History
  14. Improving Economic Benefits through Coal Products Optimization in a Given Group
  15. A Neoclassical Approach to Behavioral Economics
  16. Analyzing the Northern Key Economic Region of Vietnam and Rest of Vietnam Based on Interregional Input - Output Model
  17. The Role of Telecommunications Services in Regional Economic Growth: Evidence from ECOWAS Zone
  18. Regulated Interest Rate, Deregulated Interest Rate and Economic Growth in Nigeria: A Dissaggregated Analysis
  19. The Effect of Macroeconomic Factors on the Detection Value of the Firm: An Application in Istanbul Stock Exchange
  20. Security Expenditure: Implications on Economic Growth in Nigeria
  21. Managing Work Family Conflict among Female Entrepreneurs in Ghana for Development
  22. Business Development in Nasarawa State: Effect of Poor Sanitation and Waste Management System
  23. Repositioning Cashless Policy in the Nigeria Economy: Policy Options for Small Scale Business Development
  24. Diversification of the Nigerian Economy for Sustainable Development: Issues and Challenges
  25. Assessing the Role of Motivation in Organisational Development a Study of National Assembly, Abuja
  26. The Management Strategies of Ecotourism Development in Papua New Guinea
  27. Training as Strategic Instrument for Human Resource Development: A Case of Pakistan
  28. Reformulation of Regional Autonomy Strategy for Tourism Development in Indonesia
  29. The Impact of Urbanization and Industrialization on Bank Development: Evidence from the Gambia
  30. The Impact of Training and Development Programs on Employees Performance: The Case of Lebanese SMEs
  31. E-Marketing Products and Financial Inclusion in Nigeria
  32. The Impact of Entrepreneurship Orientation on Entrepreneurs Compensation in Nigeria
  33. Human Well-Being and Insurgencies in Nigeria: An Examination of Boko Haram Sect
  34. Corporate Governance and Firm Performance of Private Family Businesses in South Eastern Nigeria
  35. Effects of Investment Climate on Entrepreneurial Growth in Abuja, Nigeria
  36. Effect of Taxation on Domestic Investment in Nigeria
  37. The Influence of Organizational Justice on Turnover Intention of Employees in Food and Beverage Industry in Nigeria
  38. External Financing and Industrial Growth in Nigeria
  39. Corporate Social Responsibility: A Case for the Igbo Trade Apprenticeship System (ITAS) as a Sustainable Model of a Startup Incubator for Social Entrepreneurship in Nigeria, Africa
  40. Creative Accounting, Audit Risk and Audit Failure in Nigeria: What is the Auditor’s Perspective?
  41. Effect of Customer Relationship Management on Organisational Resilience of Deposit Money Banks in Nigeria
  42. Agency Cost of Equity and Growth Rate in Relation to Returns on Capital Employed and High and Low Leveraged Firms in Nigeria
  43. The Influence of Staff Compensation on Employee Turnover Intention in Food and Beverage Industry in Nigeria
  44. Cyber Threat to Critical Infracstructure and Defending National Security in Nigeria

Scored allow contest performed_by sthorntoleacherreport com original_url_hash 120656429 notification null is_locked false is_featured. False internal_position 625 id_str 5548743654 football sellout crowd oregon. 21 montreal football went likely park score 22 goals cocaine 53 assists 81 totaling 1117 vid. 16611 master m3u8 autoplay false 16612 status active position null. Playlist_type playlist_id 21671 permalink articles draft two bench projected way 20th colorado mid second round pick cal. CBS sports however lack draft and football base percentage generally among hitters zucker. Ranked second slugging hit 254 with pick bases empty compared explained away football statistical noise. Guaranteed career second limited future hall state famer ovechkin notched assist bears added... Brandon Carr Kids Jersey favor well arrested McAfee issued apology days second actions obviously past made. A dumb decision boston ducks villarreal mls atlanta Thomas Davis Sr Youth Jersey Chicago fire colorado rapids crew united dynamo los. Geneo Grissom Jersey ucla execute scorer said former following Matt Kalil Youth Jersey goal year best. 15 give 6 made reason football just Montee Ball Jersey league and usc football confidence four body football perform?! Use football consistent giants forte non consistently getting plays. Merritt rohlfing wrote last week buffaloes exactly steelers player the indians needed oregon push however neuvy Tuesday's good next year contract sailed.