International records / OpenAlex research

The Black Gold Curse: Examining the Link Between Nigeria's Oil Sector and Inequality

The abundance of oil reserves and revenues in Nigeria, while providing significant economic benefits, has also resulted in a noticeable income inequality among its population, with over 50% living below the poverty line. This study aims to investigate the complex relationship between oil sector performance and inequality in Nigeria between 1980 and 2025. Phillips–Perron unit root and KPSS tests revealed that all variables were stationary at first difference. The study then conducted further analysis using Autoregressive Distributed Lag (ARDL) bounds tests. The findings revealed that while incr…