Crude Oil Price and Standard of Living Nexus: Evidence from Nigeria

This article is carried out through an analysis of the influence crude oil prices on standard living in Nigeria by using additional variables as supporters, such income, inflation, and exchange rates. According to data availability, utilization used this study annual time series from 1981-2019. The main findings are: (1) there a long-term equilibrium connection among series. (2) price has negative impact living. (3) revenue negatively affects (4) inflation (5) rate positively (6) convergence speed indicates that system movement path quick. Therefore, implies despite abundance country. masses do not witness its impact. Diagnostic checks confirmed perfectness model. DOLS, FMOLS CCR robustness revealed similar results with ARDL long-run results.