ABSTRACT
This project work investigated the impact of the slump in oil price, production and recession in Nigeria thereby postulating possible alternatives for the Nigerian Economy. The data used for the project were got from National Bureau of Statistics (NBS) bulletin on the amount of income Real Gross Domestic Product (RGDP) in % and Government expenditure on Crude oil export, Non-crude oil export, Oil Price and Crude oil production in million barrels per day. The Ordinary Least Squares Method of estimation was employed to estimate the parameters of the model for the amount of Real Gross Domestic Product (RGDP)-Y in % and Government expenditure on Crude oil export (X1), Non-crude oil export (X2), Oil Price (X3) and Crude oil production (X4) in million barrels per day.
EMMANUEL, A (2021). The Impact Of The Slump In Oil Price And Production On Recession: Alternative Options For The Nigerian Economy.. Afribary. Retrieved from https://afribary.com/works/the-impact-of-the-slump-in-oil-price-and-production-on-recession-alternative-options-for-the-nigerian-economy
EMMANUEL, AFOLABI "The Impact Of The Slump In Oil Price And Production On Recession: Alternative Options For The Nigerian Economy." Afribary. Afribary, 08 Apr. 2021, https://afribary.com/works/the-impact-of-the-slump-in-oil-price-and-production-on-recession-alternative-options-for-the-nigerian-economy. Accessed 26 Apr. 2024.
EMMANUEL, AFOLABI . "The Impact Of The Slump In Oil Price And Production On Recession: Alternative Options For The Nigerian Economy.". Afribary, Afribary, 08 Apr. 2021. Web. 26 Apr. 2024. < https://afribary.com/works/the-impact-of-the-slump-in-oil-price-and-production-on-recession-alternative-options-for-the-nigerian-economy >.
EMMANUEL, AFOLABI . "The Impact Of The Slump In Oil Price And Production On Recession: Alternative Options For The Nigerian Economy." Afribary (2021). Accessed April 26, 2024. https://afribary.com/works/the-impact-of-the-slump-in-oil-price-and-production-on-recession-alternative-options-for-the-nigerian-economy