Gas flaring effects and revenue made from crude oil in Nigeria
The study examines gas flaring and crude oil revenue in Nigeria.The study used secondary data for 14 years from 2000 to 2014 inclusive to analyze the issue using multiple regression analysis. The study employed time series data hence, a unit root test is conducted and found that they are stationary...
| Main Authors: | , , , |
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| Formato: | Artigo |
| Idioma: | English |
| Publicado em: |
EconJournals
2016
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| Assuntos: | |
| Acesso em linha: | https://repo.uum.edu.my/id/eprint/19722/1/IJEEP%206%203%202016%20617%20620.pdf |
| _version_ | 1825804241582686208 |
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| author | Yunusa, Nasiru Idris, Ismail Tijjani Zango, Adamu Garba Kibiya, Muhammad Umar |
| author_facet | Yunusa, Nasiru Idris, Ismail Tijjani Zango, Adamu Garba Kibiya, Muhammad Umar |
| author_sort | Yunusa, Nasiru |
| collection | UUM |
| description | The study examines gas flaring and crude oil revenue in Nigeria.The study used secondary data for 14 years from 2000 to 2014 inclusive to analyze the issue using multiple regression analysis. The study employed time series data hence, a unit root test is conducted and found that they are stationary at level.Using three variables, gas flaring as the aggregate amount of gas flared by oil producing companies in Nigeria as an independent variable and crude oil revenue as an aggregate of revenue generated from all oil companies crude oil as dependent variable and tax as penalty on flaring is used as a control variable, the findings of the study show that gas flaring has a negative impact on Nigerian crude oil revenue and is statistically significant.From the research there are strong indications that the implementation of regulations and incentives to abate gas glaring in Nigeria has to be improving
in other to increase revenue generated from crude oil. The author suggests that government should embark seriously on gas utilization policy and
increase the penalty for companies who still engage in gas flaring. In addition, the government should utilize the gas flaring for electricity generation or implore another means of either utilizing it or curtail it. |
| first_indexed | 2024-07-04T06:11:13Z |
| format | Article |
| id | uum-19722 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T06:11:13Z |
| publishDate | 2016 |
| publisher | EconJournals |
| record_format | eprints |
| spelling | uum-197222016-11-16T04:38:26Z https://repo.uum.edu.my/id/eprint/19722/ Gas flaring effects and revenue made from crude oil in Nigeria Yunusa, Nasiru Idris, Ismail Tijjani Zango, Adamu Garba Kibiya, Muhammad Umar HC Economic History and Conditions The study examines gas flaring and crude oil revenue in Nigeria.The study used secondary data for 14 years from 2000 to 2014 inclusive to analyze the issue using multiple regression analysis. The study employed time series data hence, a unit root test is conducted and found that they are stationary at level.Using three variables, gas flaring as the aggregate amount of gas flared by oil producing companies in Nigeria as an independent variable and crude oil revenue as an aggregate of revenue generated from all oil companies crude oil as dependent variable and tax as penalty on flaring is used as a control variable, the findings of the study show that gas flaring has a negative impact on Nigerian crude oil revenue and is statistically significant.From the research there are strong indications that the implementation of regulations and incentives to abate gas glaring in Nigeria has to be improving in other to increase revenue generated from crude oil. The author suggests that government should embark seriously on gas utilization policy and increase the penalty for companies who still engage in gas flaring. In addition, the government should utilize the gas flaring for electricity generation or implore another means of either utilizing it or curtail it. EconJournals 2016 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/19722/1/IJEEP%206%203%202016%20617%20620.pdf Yunusa, Nasiru and Idris, Ismail Tijjani and Zango, Adamu Garba and Kibiya, Muhammad Umar (2016) Gas flaring effects and revenue made from crude oil in Nigeria. International Journal of Energy Economics and Policy, 6 (3). pp. 617-620. ISSN 2146-4553 http://www.econjournals.com/index.php/ijeep/article/view/2761 |
| spellingShingle | HC Economic History and Conditions Yunusa, Nasiru Idris, Ismail Tijjani Zango, Adamu Garba Kibiya, Muhammad Umar Gas flaring effects and revenue made from crude oil in Nigeria |
| title | Gas flaring effects and revenue made from crude oil in Nigeria |
| title_full | Gas flaring effects and revenue made from crude oil in Nigeria |
| title_fullStr | Gas flaring effects and revenue made from crude oil in Nigeria |
| title_full_unstemmed | Gas flaring effects and revenue made from crude oil in Nigeria |
| title_short | Gas flaring effects and revenue made from crude oil in Nigeria |
| title_sort | gas flaring effects and revenue made from crude oil in nigeria |
| topic | HC Economic History and Conditions |
| url | https://repo.uum.edu.my/id/eprint/19722/1/IJEEP%206%203%202016%20617%20620.pdf |
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