The oil-producing region of Nigeria is confined to the southeastern part of the country called the Niger Delta with some offshore rigs. The 6 decades of oil extraction in this region has seen large amounts of pollution from the drilling for oil and ruptures in the oil pipelines.
Does vegetable oil production in Nigeria experience stagnated growth?
Data obtained were analysed using descriptive statistics, quadratic trend model and ARDL model. The result indicated that the coefficient of beta 2 (B2) for vegetable oil production (9.15E-05) is positively signed at P-value > 0.1. The implication is that vegetable oil production in Nigeria experienced stagnated growth.
Does monetary policy affect vegetable oil production in Nigeria?
The implication is that vegetable oil production in Nigeria experienced stagnated growth. The result showed that monetary policy determinants such as inflation rate and broad money supply made significant negative impact on vegetable oil production in Nigeria.
Where is oil produced in Niger?
Oil production in Niger, which is operated by the China National Petroleum Corporation (CNPC), began in 2011 on the Agadem block in the east, about a hundred kilometres from the Chad border.