THE IMPACT OF OIL AND GAS SECTOR ON NIGERIAN ECONOMY

1.1 INTRODUCTION           The major product Nigeria got has been, the product of crude oil and it has a great impact and importance in the nation’s economy. In early 70’s, the petroleum industry has been the dominant sector in Nigeria economy. After Agriculture before the discovery of oil and gas sector, it has directed the pace of economical, political, social and cultural progress in the nation.          Oil and gas sector are described as the only international industry that concerns every country of the world. Oil and gas has successfully divided the world geographically into regions of major production and regions of high consumption.          Oil and gas is also important in its contribution to the world’s                                                                                              Tonnage of international trade and shipping for these and other attributes of the oil industry. It was asserted by Odell (1971), that a day seldom passes by without oil and gas being in the news. This confirms the importance of oil and gas throughout the world.          How ever it is in this respect that this study analyses the impact of oil and gas the dominant product of the Nigeria oil and gas sector on Nigeria Economy with the use of Econometric techniques. Econometric because of its richness as a measurement tool, as well as the obvious advantages it possess over other measurement techniques. Hence, the econometric analysis of the impact of the oil and gas sector on the Nigeria economy TABLE OF CONTENTTitle pageApproval pageDedication AcknowledgementAbstract
1.0 CHAPTER ONE1.1 introduction to project title1.2 purpose of the study1.3 significance of the study1.4 scope and limitations of the study1.5 definition of terms
2.0 CHAPTER TWO 2.1 definition of oil and gas sector and the important 2.2 the origin and impact of oil sector2.3 Functions
3.0CHAPTER THREE3.1 findings3.2 conclusion3.3 recommendations
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