•  
  •  
 

Bullion

Keywords

Nigeria, Oil price, Crude oil

Abstract

The main thrust of this paper is to draw lessons of experience from other selected oil producing countries. the outcome of the study is expected to help in strengthening Nigeria's oil price framework in line with international best practice. Section 2 dwells on the theoretical and literature review on oil based fiscal rule, while section 3 presents the framework for oil price benchmark determination and section 4 examines those factors capable of stimulating determination of oil price benchmark, lastly section 5 discusses some lessons of experience from Nigeria and then the conclusion.

Author Bio

The authors Sanni, H. Taiwo and Akpan, D. Bassey are both Principal Managers of the Research Department, Central Bank of Nigeria.

Publication Title

CBN Bullion

Issue

3 - 1

Volume

36 - 37

Download
COinS
 
 

To view the content in your browser, please download Adobe Reader or, alternately,
you may Download the file to your hard drive.

NOTE: The latest versions of Adobe Reader do not support viewing PDF files within Firefox on Mac OS and if you are using a modern (Intel) Mac, there is no official plugin for viewing PDF files within the browser window.