EFFECT OF OIL PRICE FLUCTUATIONS ON THE PRICE OF SELECTED AGRICULTURAL COMMODITIES IN NIGERIA (JANUARY 2000 – DECEMBER 2015)
This study was conducted to examine the effect of oil price fluctuations on the price of selected agricultural commodities in Nigeria using time series data sourced from Central Bank website, United States Energy Information Administration (E.I.A) website and Food and Agricultural Organization Statistics (FAOSTAT) between January 2000 and December 2015. The variables employed include oil price, exchange rate, the price of agricultural commodities (rice, wheat, soybean, palm oil). The Non-Line...