Does crude oil output aid economy boom or curse in Nigeria? An inference from "Dutch disease"

Purpose – A reflection on some supposed oil exporting states constantly reminds of the (in) validity of the resource curse hypothesis and environmental consequences of oil exploration. In Africa, especially the case of Nigeria, the argument has remained whether the country’s voluminous deposit of crude oil has positively affected the livelihood of the people. The study aims to examine the impact of oil production on the income level in Nigeria. Design/methodology/approach – In this context, the study first examined validity of Dutch disease in Nigeria, thus providing a foundation to further es... Mehr ...