Work

Interrogating Nigeria’s High Crude Oil Production and Low Real Gross Domestic Product Growth: A Plenty Paradox?

Year: 2025

Type: article

Abstract: This study examines the impact of crude oil production on the real Gross Domestic Product (GDP) growth in Nigeria. The Bayesian time-varying coefficients VAR technique is used to account for changes in crude oil production over time. The findings indicate that the impact of crude oil production on real GDP growth varies significantly over time. Additionally, the results suggest that, in recent years, crude oil production has negatively affected real GDP growth in the agricultural, construction, manufacturing, and services sectors.

Source: Energy RESEARCH LETTERS

DOI: 10.46557/001c.127513

Author: Rotimi Ayoade Ogunjumo

Institution: Landmark University

Language: English

Topic: Natural Resources and Economic Development

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: diamond

OpenAlex ID: W4411389137