NON-OIL REVENUE AND INFRASTRUCTURAL DEVELOPMENT IN NIGERIA
Abstract
ABSTRACTS
The study examined the relationship between non-oil revenue and infrastructural development in Nigeria. The specific objectives were to Investigate the relationship between non-oil revenue and education infrastructure in Nigeria, Investigate the relationship between non-oil revenue and health infrastructure in Nigeria, Investigate the relationship between non-oil revenue and road construction infrastructure in Nigeria. The study employed an ex post facto research design and the secondary data used for the study were sourced from the Central Bank of Nigeria (CBN) statistical bulletin, Federal Inland Revenue Service Fact Book and the World Bank Development Website. Descriptive Statistics, Pearson Moment Correlation Coefficient and Ordinary Least Square Multiple Regression Statistical tools were used in the analysis. The study found out that there is a significant positive relationship between oil revenue and education infrastructure in Nigeria. The study therefore recommended that Given the significant positive relationships of oil revenues with Education and Health Infrastructure, policymakers should prioritize increased budgetary allocations to these sectors
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