IMPACT OF OIL WEALTH ON HEALTH OUTCOMES IN NIGERIA
Egbewole Abdulazeez Bunmi ,Halimat Oladimeji Ismail-Senge and Abdullahi Halimat Olubukola
Volume 4 Issue 2
Abstract
The study investigates the impact of oil wealth on health outcomes in Nigeria, focusing on life expectancy as the dependent variable and examining GDP per capita, oil rent, and health expenditure as independent variables from 1990 to 2023. The result revealed that while GDP per capita and oil rent are positively correlated with life expectancy, their effects are not statistically significant. In contrast, health expenditure has a significant positive impact on life expectancy. These findings underscore the crucial role of healthcare investment in improving health outcomes, aligning with the Social Determinants of Health Theory. The study recommends prioritizing healthcare investments and diversifying the economy beyond oil dependency. Future research should explore additional factors such as government policies and socio-cultural dynamics, and address residual non-normality with further diagnostic tests. Keywords: GDP Per Capita, Health Expenditure, Nigeria, Life Expectancy Rate, Oil wealth
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