OIL PRODUCTION - GDP NEXUS: EMPIRICAL INSIGHTS FROM THE NIGERIAN ECONOMY

Several studies abound that concentrated on oil production and the environment, exploration socio-economic conditions, contributions of crude consumption to growth Nigerian state, etc. But there are no recent investigating production- GDP nexus. Hence, main goal this study is explore contribution national from an oil-dependent economy Annual time series data its rate represented side nexus while We applied three different econometric techniques: unit root test, cointegration vector error correction Granger causality estimation techniques. Our results largely suggest exists a long-run joint simultaneous
 (bilateral performance) between GDPg OILPRODg , OILPRODg; (GDPg) has negative coefficients in relation (OILPRODg); but statistically insignificant impact dependence current GDP. Furthermore, caused as well GDP, does not cause OILPROD. recommend should be controlled directed towards effective management economic outcomes Nigeria
 JEL Classification Code: O47, O55,Q32,Q43