LINEAR REGRESSION ANALYSIS AND EVALUATION OF ENERGY PRODUCTION AND ITS IMPACT ON THE ECONOMY OF NIGERIA.

Abstract

This study first established a relationship between crude oil production and oil income using a linear regression analysis. By way of calibration, the article investigates quantity per barrel that must be produced annually to ensure an increase in Nigeria's oil revenues. The study also makes recommendations for in terms of policy formulations that would enable oil output increase, which would increase the country's economic ability to generate revenue.