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Effect of Crude Oil Prices, Exchange Rate, Inflation Rate and Government Expenditure on Private Investments in Nigeria

This study analyzed the heterogeneous effects of crude oil price variations, exchange rate, inflation rate and government expenditure on private investment in Nigeria from the first quarter of 1990 to the fourth quarter of 2023, employing an ex post facto research design and quantile regression methodologies. Quarterly data on crude oil prices, exchange rate, inflation rate, government expenditure and private investments obtained from the Central Bank of Nigeria, World Bank Development Indicators, and OPEC were utilized. The results showed that fluctuations in crude oil prices and exchange rat…

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    from https://iiardjournals.org/get/IJEFM/VOL. 10 NO. 10 2025/Effect of crude oil prices 131-149.pdf