Title: Autoregressive Evaluation of the Joint Interaction Between Oil Revenue and Governance on Literacy Rate in Nigeria
Authors: Amadi, O.H., & Binaebi, E.
Volume: 10
Issue: 5
Pages: 101-105
Publication Date: 2026/05/28
Abstract:
The study Evaluated the Joint Interaction between Oil Revenue and Governance on Literacy Rate in Nigeria from 1990-2021. The study adopted the Autoregressive Distributive Lag (ARDL) modelling techniques for the data analysis. Data for the analysis were sourced from secondary sources such as World Data Index (WDI) and CBN Statistical Bulletin. The results of the analysis indicated as follows; the ARDL ECM regression results showed that in short run, the coefficients; ORV*GOE has a positive (0.005575) relationship with LTR, ORV*ROQ has a negative (-0.000725) relationship with LTR, ORV*VOA has a positive (0.001309) relationship with LTR, ORV*COC has a negative (-0.000095) relationship with LTR, ORV*ROL has a negative (-0.001109) relationship with LTR. The Breusch-Godfrey Serial Correlation LM Test result showed that there is no serial correlation in the model. The Breusch-Pagan-Godfrey Heteroskedasticity Test result suggests that there is no evidence of heteroskedasticity in the model. The study concluded that oil revenue and governance has promoted increased literacy rate in Nigeria within the period under review and recommended a corrupt - free and efficient administrative machinery with adequately trained, well equipped and motivated personnel would enable Nigeria to make appreciable progress in revenue generation.