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Oil-Based Revenue and the Human Development Index in Nigeria

The research investigates how oil revenue affects Nigeria's Human Development Index from 1999 to 2024 by examining three main HDI factors which include per capita income and health results and educational funding. Nigeria needs to comprehend how its oil wealth contributes to human development because the country depends on oil revenue which generates more than 90 percent of its export income and 60 percent of its government funds. The study fills existing research gaps by showing that HDI assessments need to consider multiple dimensions rather than using economic measures which include GDP and…

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