A COMPARATIVE ANALYSIS OF THE IMPACT OF FLUCTUATING OIL PRICES ON NIGERIA’S AGRICULTURAL AND INDUSTRIAL SECTORS

This study was the brain child of the earnest desire to unravel the impact of the incessant fluctuating oil prices on two crucial sectors of the Nigerian economy; the agricultural sector and the industrial sector which used manufacturing sector as proxy. The analysis employed the unrestricted Vector Autoregressive methodology as its empirical technique. These objectives of this study are to ascertain how fluctuations in crude oil prices affect the output of Nigeria’s agricultural sector; to find out how fluctuations in crude oil prices affect the output of Nigeria’s industrial sector; to make a comparative analysis of the impact of the fluctuation in oil prices on the agricultural and the industrial sectors. This research consists of a title page, approval page, certification, abstract, table of content, list of figures, list of tables, list of abbreviations, Chapters One to Five (from introduction to conclusion), references, and appendices.