IMPACT OF PETROLEUM SECTOR REVENUE AND ECONOMIC GROWTH
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
The basic reasons for taxation in any economy cater on the need to raise revenue for economic and social development and to guide taxpayer’s behavior. Revenue from taxation accounts for over 80% of government earnings in Nigeria, hence special attention is often paid by tax experts, economists and the larger public on how such revenue is being disbursed by government among the various economic sectors that makes up the country. This research work was conducted to investigate the impact of the petroleum sector revenue on the economic growth performance of Nigeria. In the process of the research, the ordinary least square (OLS) regression technique was employed. Considering the impact of time on changes in economic variables, the analysis was carried out using the simple regression method in which Gross Domestic Product (GDP), proxy for economic growth was used as the dependent variable, while the petroleum sector revenue (OREV) and time appeared as repressor’s. A two-tailed test of 5% significant levels were conducted indicating that the two explanatory variables did not have any significant impact on growth performance of the Nigerian economy within the same period. The researcher therefore recommends that government should formulate appropriate policy mix that would motivate the firm in the oil sector to enhance improved performance and contribution of the sector.
Related Project Materials
APPLICATION OF PUBLIC RELATIONS STRATEGY IN BANKING SECTOR
ABSTRACT
This study examines the application of public relations strategy in banking sector. ...
TOURISM AND ECONOMIC GROWTH IN NIGERIA
Abstract
The study examined the impact of tourism earning on economic growth in Nigeria between 1996 and 2016. The study...
PERCEPTION OF MEMBERS OF EKKLESIYAR YAN’UWA A NIGERIA (EYN) ON IMPACT OF BOKO HARAM INSURGENCY IN BORNO AND ADAMAWA STATES, NIGERIA
ABSTRACT
This study was carried out to assess the Perception of Members of Ekklesiyar Yan‟uwa a Nigeria (EYN) on impact of Boko Haram Ins...
POPULATION PRESSURE AND FOOD PRODUCTION IN NIGERIA
Abstract
Today, millions of people in the world are without food especially in the developing world which has been of gr...
EXCLUSIVE BREASTFEEDING AND PREVENTION OF MOTHER TO CHILD TRANSMISSION OF HIV AMONG PREGNANT WOMEN
ABSTRACT
This study was carried out to examine examine the exclusive breastfeeding and prevention of mother...
INVESTIGATION OF THE LEVEL OF COVID-19 SAFETY COMPLIANCE AMONG SMES IN NIGERIA
ABSTRACT
The focus of this study is to investigate
ABSTRACT Resveratrol is a potent antioxidant found abundantly in grapes and in lesser quantities in peanuts, fruits and...
BACKGROUND OF THE STUDY Studies have shown that the success of most organization does not depend entir...
The world at large has suffered natural disasters (flood) throughout its long history. They displace and disrupt thousands of families, and having...
BACKGROUND OF THE STUDY Word wide, manufacturing industries have grown tremendously in the last decade....
AMELIORATIVE EFFECT OF RESVERATROL ON LEAD-INDUCED ORGAN TOXICITY IN WISTAR RATS
A SURVEY ON STAFF TRAINING AND DEVELOPMENT AND ITS IMPACT ON ORGANIZATIONAL PERFORMANCE: A CASE STUDY OF NIGER MILLS COMPANY LIMITED, CALABAR.
EFFECT OF 2012 FLOOD DISASTER ON THE SOCIO-ECONOMIC CHARACTERISTICS OF CASSAVA FARMERS IN ETSAKO EAST LOCAL GOVERNMENT AREA, EDO STATE
PROBLEMS OF MANPOWER TRAINING AND DEVELOPMENT IN MANUFACTURING INDUSTRIES (A Case Study Of Anammco)
