1 WABER CONFERENCE PROCEEDINGS ACCRA, GHANA 2017. A Conceptual Framework for Promoting Economic Growth in Crude Oil Dependent Economies - A Model for Nigeria 1 Nuruddeen Usman, 2 Ahmadu S. Bustani, 3 Nuru Gambo and 4 Gambo Ibrahim 1,2&4 Department of Building Technology, 3 Department of Quantity Surveying Faculty of Environmental Technology, Abubakar Tafawa Balewa University Bauchi, Bauchi state, Nigeria ibnothman13@gmail.com, sabustani2@yahoo.co.uk, gambonuru@yahoo.com, gambo.na83@gmail.com Abstract Many countries are currently faced with adverse economic challenges. The situation is more pronounce on economies that solely depend on crude oil. However, among the countries, those that adopt flexible managerial policies cope better under these dwindling economic conditions. The study aims at developing a conceptual framework that can depict how economic challenges of crude oil dependent economies (CODE) can be improve through deliberate intervening and moderating measures. The method adopted was based on Baron and Kenny casual steps approach. It was observed that CODE countries employed different strategic policies in overcoming current economic challenges especially when prices of crude oil collapse in the global market. The proposed framework was developed based on Big Push theory and Causal theory, in conjunction with the concept of Baron and Kenny. The framework take into account the different strategic policies used by these countries and considered how diversification and innovativeness (mediating measures) can promote better economic growth alongside effective and efficient managerial system (moderating measures) which ultimately can lead to more efficient resource management hence, a growing sustainable economy especially in a country like Nigeria where there are other abundant resources that can support the economy.