ABSTRACT

The crude oil industry is a major sustaining sector of the Nigeria economy, and should not be neglected because it either directly or indirectly aids the productivity of the sectors. The study examine the impact of oil export on the Economic growth in Nigeria, from 1981 – 2014. the objectives of the study are; to examine the effect of oil export on GDP .and To examine the impact of increase in the oil exports trend from 2001 on the Nigerian Economy. Thus, economists observed that the the variables have unit root at levels. This study with the aid of OLS and co-integration method used shows the relevance of oil export to the growth of the economy. The findings confirm that there is positive and significant relationship between oil export and Economic Growth. Following the findings, Since oil exports was found to have positive and significant relationship with GDP, it is recommend that the government should build more equipped refineries and reduce the cost of refining crude oil, This will increase returns from oil exports an d therefore increase GDP. Government should boost the security on the high sea where crude oil exports are smugged.This will help reduce the loss of crude oil,and also increasing Economic growth..