Ibrahim Abubakar Zarumi

Asymmetric Impact of Oil Price Shocks on Food Inflation in Nigeria: A Nonlinear ARDL Approach

Saminu Umar & Ibrahim Abubakar Zarumi · Asian Journal of Economics, Business and Accounting · 2026

Oil price movements are a major source of macroeconomic instability in oil-dependent economies because they affect production costs, exchange rates and domestic prices. In Nigeria, where food accounts for a large share of household spending, understanding how oil price shocks inf...