Also, the second order impact of oil money appreciating the currency and therefore the reducing the international competitiveness of non-oil industries definitely has a big impact. In contrast, in a UBI situation, GDP still depends on the productivity of the country, not just the wealth generated from a niche (in terms of employment) extractive sector.
You must diversify your economy to become less dependent on oil. However, it is easy for the government to take control over oil. The president can become a multi billionaire while ignoring the rest of your country.
Ah yes, the God of Commerce doesn’t like it when you give other gods more attention.
If it's a theocratic state, that might be an issue, but if it's just a religious populace I see no reason to believe you're right.