The Impact Of The Slump In Oil Price And Production On Recession: Alternative Options For The Nigerian Economy.

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. 

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APA

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

MLA 8th

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 29 May. 2024.

MLA7

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. 29 May. 2024. < https://afribary.com/works/the-impact-of-the-slump-in-oil-price-and-production-on-recession-alternative-options-for-the-nigerian-economy >.

Chicago

EMMANUEL, AFOLABI . "The Impact Of The Slump In Oil Price And Production On Recession: Alternative Options For The Nigerian Economy." Afribary (2021). Accessed May 29, 2024. https://afribary.com/works/the-impact-of-the-slump-in-oil-price-and-production-on-recession-alternative-options-for-the-nigerian-economy