The Effect of Oil Dependency on Nigeria’s Economic Growth
Abstract Nigeria is the largest oil exporting country in Africa and has a rapidly growing economy. The country follows a resource based growth strategy driven by the production and exporting of oil. With the volatility of global oil prices and of-ten volatile growth of Nigeria’s economy, this research is designed to examine the effect of Nigeria’s oil dependency on economic growth. This research at-tempts to answer the question of if the volatility of global oil prices is directly linked ...