International records / OpenAlex research

Effects of Oil and Non-Oil Revenues on Economic Growth in Nigeria

This study examined the effect of oil and non-oil revenues on economic growth in Nigeria from 1981 to 2023 using an ex-post facto research design. Secondary data were sourced from the Central Bank of Nigeria Statistical Bulletin and World Bank Development Indicators, with oil and non-oil revenues measured as revenue-to-GDP ratios and economic growth measured as GDP growth rate. The study employed Johansen cointegration, error correction modelling, and fully modified ordinary least squares techniques to assess long-run and short-run dynamics. Findings revealed that both oil and non-oil revenues…