Oil Revenue, Government Expenditure and Poverty Rate in Nigeria

Oil Revenue, Government Expenditure and Poverty Rate in Nigeria

Adelowokan Oluwaseyi A

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Adelowokan

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Oluwaseyi Adedayo

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OSOBA

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Adenike. M.

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1 Olabisi Onabanjo University, Nigeria

GJMBR Volume 15 Issue B10

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This study examines the impact of revenue from oil proceeds and disaggregated government spending on poverty rate in Nigeria. Different econometrics tests i.e. pre-estimation test, estimation techniques and diagnostic tests such as Augmented Dickey Fuller, Engel-Granger co-integration, Ordinary Least squares and Granger causality were analysed using the data sets within the period of 1970 and 2013. Empirical result disclosed that gross domestic product and revenue from oil proceeds exert negative effect on poverty rate in Nigeria during the reviewed period. This revealed that oil proceeds being the main revenue source in Nigeria have greater impact in ensuring equal distribution of income as a means of reducing poverty level among her citizens. Painstakingly, these proceeds are not channelled into right directions with regards to government spending on capital projects and recurrent expenditure. This further exacerbates the poverty level in Nigeria.

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No external funding was declared for this work.

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The authors declare no conflict of interest.

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Adelowokan Oluwaseyi A. 2015. \u201cOil Revenue, Government Expenditure and Poverty Rate in Nigeria\u201d. Global Journal of Management and Business Research - B: Economic & Commerce GJMBR-B Volume 15 (GJMBR Volume 15 Issue B10): .

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GJMBR Volume 15 Issue B10
Pg. 11- 20

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

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GJMBR-B Classification: JEL Code: P46

Submission ReceivedFebruary 11, 2015
RevisedFebruary 11, 2015
Peer Review Double Blind
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Accepted March 5, 2015
Published March 15, 2015

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Issue date

November 30, 2015

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English

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Total Score: 104

Country: Nigeria

Subject: Global Journal of Management and Business Research - B: Economic & Commerce

Authors: Adelowokan, Oluwaseyi Adedayo, OSOBA, Adenike. M. (PhD/Dr. count: 0)

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Total Views: 3952

Total Downloads: 2002

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