, Volume 10, Issue 10, pp 321–324 | Cite as

The impact of petroleum on the balance of payments

  • Olufemi Fajana
Articles Nigeria


Nigeria’s transformation from a predominantly agricultural to an oil economy has had many significant social and economic effects. In this paper, an attempt is made to analyse one of such effects: the impact on the country’s balance of payments.


Foreign Exchange Trade Balance Export Earning Crude Petroleum National Development Plan 
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Copyright information

© HWWA and Springer-Verlag 1975

Authors and Affiliations

  • Olufemi Fajana
    • 1
  1. 1.Lagos

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