ABSTRACT

 Nigeria was one of the largest exporters of oil output in the world before the oil shock of 1970 and early 1980s. In view of Nigerians significant contribution and export capacity to the world volume before the agricultural shock, the study examined the determinants of oil exportation in Nigeria. The parsimonious error correction model was estimated utilizing time series analysis as analytical tool using data set from oil institutional sources that ranged from 1970-2007. The outcome of the analysis revealed that world price for Nigeria major agricultural commodities; world income and Nigeria past oil output were determinants of oil exportations. As such, the study recommend that priority should be accorded to the boosting of the current level of oil output which may involve rehabilitation of abandoned firms, establishment of new ones and providing appropriate incentives as a means of sustaining exportation levels.