Impact of Control of Corruption on Oil and Gas Revenue in Nigeria

Abstract

This paper investigated the impact of control of corruption on oil and gas revenue in Nigeria using annual time series data spanned from 1981 to 2022. Firstly, unit root test was conducted and the result shows that all the variables were stationary. The study employed the autoregressive and distributed lag (ARDL) Model of estimation. The result shows that, in both the short run and long run control of corruption has positive significant relationship with oil and gas revenue. The study recommends that Nigerian government should implement strange anti-corruption laws and regulations through establishing a special court attach to anti-corruption agencies such as Economic and Financial Crime Commission (EFCC) and Independent Corrupt Practices and other Related Offences Commission (ICPC) in order to punish corrupts cases with special punishment without favor.