Natural resources in Africa; a gift or curse: The case of Nigeria

Abstract

This paper examines the link between natural resources wealth, agriculture, oil and economic growth in Nigeria. We use co-integration method to examine the relationship between the economic growth and economic indicators in control in this study. The result shows a significant relationship between economics growth and economic indicators in the long-run. However, the relationship between economics growth and economics indictors does not exist in the short-run. The policy makers in Nigeria should take this result into consideration when they implement a policy. They have to ensure that the policy closes the gap in order to have a positive effect on the economic growth in the short-run and long-run.   Key words: Economic growth, co-integration, natural resources.