Oil Revenue Fluctuation, Fiscal Policy Response and Economic Growth in Nigeria.

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Analysis shows oil revenue impacts fiscal policy and GDP growth in Nigeria, indicating a need for diversification.

Oil revenue changes have an immediate positive impact on government expenditure and GDP growth.
The OLS estimates confirm a significant relationship between oil revenue, expenditure, and GDP growth.
The ARDL model indicates a long-run equilibrium among oil revenue, fiscal policy, and economic performance.
The study highlights the necessity for Nigeria to diversify revenue sources to stabilize economic growth.

Abari-Ogunsona et al. (2025) studied this question.

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