An Appraisal on the Impact of Oil Industry on the Economic Development

This study centre’s on the impact of oil industry in the Economic Development of Nigeria. In investing the above data were obtained through questionnaires administration method. The mean analysis method was used to analyzed the responses, elated from respondents and meaningful conclusion drawn from it, it was discovered that factors like the oil industry serves as the government revenue by paying tax, granting loan to farmers to improve agriculture, creating employment opportunity, providing social amenities are some of the impact of the oil industry in order to improve the Economic Development of Nigeria.