The Nexus in the Volatility in the Price of Crude Oil on Inclusive Growth in Nigeria (1986 - 2016)
Abstract Nigeria is a mono-product economy, where the main export commodity is crude oil, changes in crude oil prices has effects for the Nigerian economy and, in particular, inclusive growth proxied by per capita GDP. The latter is mostly important due to the double dilemma of being an oil exporting and oil-importing country, a situation that emerged in the last decade. The study examined the effects of oil price, per capita GDP, real exchange rate, inflation, unemployment and interest rate ...