International records / OpenAlex research

Petroleum resources and Nigerias poverty profile

Nigeria as one of the oil producing and resource rich nations in sub-Sahara Africa, with her considerable contribution to the world total oil output still maintained high level of poverty among her teeming population. The present development in the oil industry has demanded for an empirical investigation into why despite the endowed petroleum resources, the Nigeria’s poverty level has not positively improved. The study however, employed Vector Auto- regression (VAR) model, with cumulative Impulse-response and variance Decomposition Analysis using time series data between 1981 and 2012. The stu…