THE SIGNIFICANCE OF OIL VALUATION OUTRAGE ON INTER-STATE INFLOWS, DATA FROM NIGERIA

Nnadikwe Johnson; Longinus Chinedu Mbakwem; Ibe Raymond Obinna; Emeribe Happiness Ebere; Engr. Ewelike Asterius Dozie

THE SIGNIFICANCE OF OIL VALUATION OUTRAGE ON INTER-STATE INFLOWS, DATA FROM NIGERIA

March 2022

Vol-8, Issue-3

Paper ID: 16196

ISSN: 2395-4396

Downloads: 0

Abstract & Details

Research Area

Gas Engineering

Keywords

oil price income energy price SVAR Nigeria

Abstract

The Structural Vector Autoregressive (SVAR) approach is used to gathered data from 1995 to 2022, to examine the impact of oil price shocks on Nigeria's GDP per capita, exchange rate, and total trade turnover. Oil price shocks (a spike in oil prices) have a beneficial effect on GDP per capita and total trade turnover in Nigeria, but have a negative effect on the exchange rate. Oil exporting nations such as Nigeria and others should lessen their reliance on oil resources, the exchange rate, and overall trade turnover in the global market in accordance with this study's findings. These nations should thus work to broaden their overall trade turnover by diversifying their GDP per capita, their currency, and other sources of income.

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Author Information

#	Name	Institute / Affiliation
1	Nnadikwe Johnson	Imo State University, Nigeria
2	Longinus Chinedu Mbakwem	University of Port-Harcourt, Rivers State, Nigeria
3	Ibe Raymond Obinna	Imo State Polytechnic, Nigeria
4	Emeribe Happiness Ebere	Imo State University, Owerri, Nigeria
5	Engr. Ewelike Asterius Dozie	Imo State University, Nigeria

How to Cite

Use the following formats to cite this article in your research.

APA Style

Johnson, Nnadikwe, Mbakwem, Longinus Chinedu, Obinna, Ibe Raymond, Ebere, Emeribe Happiness, & Dozie, Engr. Ewelike Asterius (2022). THE SIGNIFICANCE OF OIL VALUATION OUTRAGE ON INTER-STATE INFLOWS, DATA FROM NIGERIA. International Journal of Advance Research and Innovative Ideas In Education, 8(3), 201-209.

MLA Style

Johnson, Nnadikwe, et al. "THE SIGNIFICANCE OF OIL VALUATION OUTRAGE ON INTER-STATE INFLOWS, DATA FROM NIGERIA." International Journal of Advance Research and Innovative Ideas In Education, vol. 8, no. 3, 2022, pp. 201-209.

IEEE Style

Nnadikwe Johnson, Longinus Chinedu Mbakwem, Ibe Raymond Obinna, Emeribe Happiness Ebere, and Engr. Ewelike Asterius Dozie, "THE SIGNIFICANCE OF OIL VALUATION OUTRAGE ON INTER-STATE INFLOWS, DATA FROM NIGERIA," International Journal of Advance Research and Innovative Ideas In Education, vol. 8, no. 3, pp. 201-209, 2022.

Vancouver Style

Johnson Nnadikwe, Mbakwem Longinus Chinedu, Obinna Ibe Raymond, Ebere Emeribe Happiness, Dozie Engr. Ewelike Asterius. THE SIGNIFICANCE OF OIL VALUATION OUTRAGE ON INTER-STATE INFLOWS, DATA FROM NIGERIA. International Journal of Advance Research and Innovative Ideas In Education. 2022;8(3):201-209.

Harvard Style

Johnson, Nnadikwe, Mbakwem, Longinus Chinedu, Obinna, Ibe Raymond, Ebere, Emeribe Happiness, & Dozie, Engr. Ewelike Asterius (2022) 'THE SIGNIFICANCE OF OIL VALUATION OUTRAGE ON INTER-STATE INFLOWS, DATA FROM NIGERIA', International Journal of Advance Research and Innovative Ideas In Education, 8(3), pp. 201-209.

Chicago Style

Johnson, Nnadikwe, et al. "THE SIGNIFICANCE OF OIL VALUATION OUTRAGE ON INTER-STATE INFLOWS, DATA FROM NIGERIA." International Journal of Advance Research and Innovative Ideas In Education 8, no. 3 (2022): 201-209.

Turabian Style

Johnson, Nnadikwe, et al. "THE SIGNIFICANCE OF OIL VALUATION OUTRAGE ON INTER-STATE INFLOWS, DATA FROM NIGERIA." International Journal of Advance Research and Innovative Ideas In Education 8, no. 3 (2022): 201-209.