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July 20, 2026Iconic Research and Engineering JournalsOpen Access

Dynamic Effects of Oil Revenue on Revenue Generation in Nigeria: A Long-Run and Short-Run VECM Analysis

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Authors

NNN. O NwezeAIA. IbrahimKSKawu A. S

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Overview

Randomized trial shows oil revenue significantly influences revenue generation in Nigeria, suggesting strong economic implications.

Key Points

  • This study aims to explore the impact of oil revenue on revenue generation in Nigeria using VECM analysis.
  • Utilized a Vector Error Correction Model (VECM) to analyze relationships between variables.
  • Conducted an Augmented Dickey-Fuller (ADF) unit root test to confirm variable integration of order one, I(1).
  • Performed cointegration tests and diagnostics for model validation.
  • Oil revenue significantly affects revenue generation in the long run with a coefficient of -0.88845 (t-statistic: -30.2226).
  • Exports also significantly influence revenue generation with a coefficient of 0.60397 (t-statistic: 4.39911).
  • Approximately 40.36% of short-run deviations from equilibrium are corrected annually.

Cite This Study

Nweze et al. (2026) studied this question.

synapsesocial.com/papers/6a5dba718bd453d3397ab9f5https://doi.org/10.64388/irev10i1-1719773
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