| Title: | Effect Of Crude Oil Revenue And Governance On Life Expectancy Rate In Nigeria, 1990 - 2021 |
| Author(s): | Amadi O. H. & 2Weke C. |
| Abstract: | The study investigated the effect of crude oil revenue and governance on life expectancy rate in Nigeria from 1990 to 2021. The study adopted the descriptive statistics, unit root test, bound co-integration test as well as Autoregressive Distributive Lag (ARDL) modelling techniques for the data analysis. Data for the empirical analysis were sourced from secondary sources like World Data Index (WDI), Federal Bureau of Statistics bulletin and CBN Statistical Bulletin (Various-Issues) amongst others. The results of the analysis indicated that the ARDL ECM regression results showed that in short run, the coefficient of current value of Oil Revenue has a positive (0.212199) relationship with Life Expectancy rate, while the coefficient of past lag 1 value of “ORV” has a negative (-0.118138) relationship with “LER”, the coefficient of Government Effectiveness has a negative (-0.328215) relationship with “LER”, the coefficient of Regulatory qualities has a negative (-0.126672) relationship with “LER”, in short run, the coefficient of Voice and Accountability has a negative (-0.193701) relationship with “LER”, the coefficient of current value Control of Corruption has a negative (-0.013511) relationship with “LER”, the coefficient of Rule of Law has a negative (-0.143941) relationship with “LER” and the coefficient of both current and past lag 1 of Exchange Rate has a positive (0.004172 & 0.001017) relationship with “LER”. The Breusch-Godfrey Serial Correlation LM Test result showed that there is no serial correlation in the model. The Breusch-Pagan-Godfrey Heteroskedasticity Test result suggests that there is no evidence of heteroskedasticity in the model. The study concluded that Crude Oil Revenue increases life expectancy in Nigeria in the short run and long run and recommended that Government should implement the petroleum industry bill with alternative source of revenue for great economic performance. |
| Keywords: | Crude oil, Governance, life expectancy rate |
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