Abstract Over the years, expenditures of public and private sectors are regulated by the activities in the oil and gas industry. The budget of Nigeria is hinged on the international price of crude oil and any shock on oil price affects the general activities in the country. With quarterly data from the period of 1981Q1 to 2020Q2, the study uses an exponential generalized autoregressive conditional heteroscedasticity approach to examine oil price volatility and inflation level in Nigeria. An ...
