ABSTRACT

This research work was conducted to in vest/gate effect of oil and gas revenue on the economic growth of Niger/a for the period of 2000-2014, secondary data was extracted from the Central Bank of Nigeria Statistical Bulletin,2014. The data collected from 2000 to 2014 were Real Gross Domestic Product (RGDP) used as proxy for economic growth while oil revenue and petroleum profits tax represent each of the independent variables in the model, using Ordinary Least Square(OLS) regression technique was used to determine the long run effect between 0/- revenue and economic growth and between petroleum profit tax and economic growth based on the stated hypotheses. Considering the impact of time on changes in economic variables, the analysis was carried out using the Simple Regression model was used to evaluate the data collected. The result shows that Oil Revenue is having significant effect on Economic Growth of Nigeria. The study will therefore reject the null hypothese and concludes that Petroleum Profits Tax has significant effect of Real Gross Domestic Product. Based on these findings, the researcher recommends that government should formulate appropriate policy mix that would motivate the firm in the oil sector to enhance improved performance and contribution of the sector.