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What is Crude Oil Price Impact on Nigeria about?

This study examines the impact of crude oil price volatility on the Nigerian economy from 1990 to 2023, focusing on variables such as GDP, government revenue, foreign exchange reserves, and income levels. The findings indicate that while crude oil price volatility negatively affects economic growth, it positively influences government revenue and foreign reserves. The research recommends diversifying the economy to reduce dependency on oil and mitigate vulnerability to price shocks.

Author

suleimanidrisharuna2010

Language

EN