THE CRITICAL ANALYSIS OF THE IMPACT OF OIL SECTOR ON ECONOMIC DEVELOPMENT IN NIGERIA (1980-2009)

ABSTRACT

This research work sets out to find out the role of oil industry in economic development of Nigerian as it affect agriculture sector. In other to ascertain this role, the objectives of the Study was streamlined to anchor mainly on selecting a suitable measuring technique, analysis and interpretation of the role oil industry in economic development of the Nigeria Economy. We adopted the simple regression ordinary least square technique of data analysis using computer regression software to find out if oil revenue has any positive impact on the aggregate index of Agricultural production and also on our gross domestic product (GDP), and hence, our economic development and to what extend. From the analysis, it was revealed that the oil revenue has a positive impact on both the GDP and aggregate index of agricultural production, but it influence on the later was minimal considering its 58.8% contribution to aggregate index of agricultural production. Recommendations were made of some positive steps to be taken to enhance the role of oil industry in economic development of Nigeria, more especially, agricultural sector. The recommendation include, fostering an enabling environment for private sector investment in agricultural product as well as agro-industrial production strengthening of sectorial policy analysis and implementation capacity and to reduced to the barest minimum hazard effect of oil activities as it concerned agricultural sector among others.

　

TABLE OF CONTENTS

Title page

Approval page

Dedication

Acknowledgment

Abstract

Table of content

CHAPTER ONE

INTRODUCTION

Background of the study

1.2 Statement of problem

1.3 Objectives of the research

1.4 Research Hypothesis

1.5 Significant of study

1.6 Scope / Limitation of the study

1.7 Definitions of terms

CHAPTER TWO

LITERATURE REVIEW

2.1 Theoretical Framework

2.1.1 Nigeria Economy before and after the Advent of Oil

2.1.2 Crude Oil and its Component in Nigeria

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The History and Growth of Oil in Nigeria

2.1.4 The Stages of Development Exploration Exploitation and Distribution of Crude Oil in Nigeria.

2.1.5 OPEC and Nigeria membership

2.1.6 Achievement of OPEC

2.1.7 Nigeria membership

2.1.8 The Brief History of Nigerian National Petroleum Corporation (NNPC)

2.1.9 The role of Marketing Companies in Nigeria

2.1.10 The Role of Pipelines and Products Marketing Company (PPMC)

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The Multinational Debate

2.1.12 Controversies About Multinational Corporations MNCS

2.1.12 Controversies About Multinational Corporations MNCS

2.1.13 Pipeline Transportation of Petroleum Products in Nigeria

2.1.14 Theoretical and Descriptive Analysis of crude oil in Nigeria

Local Refineries

Pipeline Network

2.1.17 Pipeline Vandalisation

2.1.18 Contribution of Oil Revenue to Federally Collects Revenue

2.1.19 Associated Gas Production and Utilization in Nigeria

2.2 Empirical literatures

2.3 Limitation of the Prevision Studies

References

CHAPTER THREE

3.1 RESEARCH METHODOLOGY

3.2 Model Specification

3.3 Method of evaluation

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Decision rule

Data Collection and Source

References

CHAPTER FOUR

PRESENTATION AND ANALYSIS OF DATA AND INTERPRETATION OF RESULT

4.1 INTRODUCTIONS

4.2 Analyses of Data

4.2.1 Interpretation of Result (Model 1)

4.2.2 Interpretation of Result ii (Model II)

4.2.3 Interpretation of Result III Model III

4.3 Test of Hypothesis

CHAPTER FIVE

5.0 SUMMARY, RECOMMENDATION AND CONCLUSION

5.1 Summary

5.2 Main Findings

5.3 Recommendations

5.4 Conclusion

Bibliography