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Energy consumption and economic growth in Nigeria:A revisit of the energy-growth debate

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  • Emeka Nkoro

    (Department of Economics, Faculty of Social Sciences, University of Port Harcourt, Nigeria)

  • Nenubari Ikue-John

    (Department of Economics, Faculty of Social Sciences, University of Port Harcourt, Nigeria)

  • God’sgrace I. Joshua

    (Department of Economics, Faculty of Social Sciences, University of Port Harcourt, Nigeria)

Abstract

This paper investigated this disparity in the literature using Nigeria data from 1980 to 2016. In doing this, energy consumption was disaggregated, and their impacts on economic growth investigated using a modified Ordinary Least Square technique which allows for time gaps in the model. It was observed that only renewable energy impacted on economic growth in the long-run whereas non-renewable energy component impacted on economic growth in the short-run. Therefore, the study sees the impact of energy consumption on economic growth to be indistinct in Nigeria within the period under review. This further buttresses the need for improvement in electricity production and distribution in Nigeria. Given the importance of energy consumption on productivity, the study, therefore, suggests policies/measures that will bring about increasing the supply or improvement of energy production in the country.

Suggested Citation

  • Emeka Nkoro & Nenubari Ikue-John & God’sgrace I. Joshua, 2019. "Energy consumption and economic growth in Nigeria:A revisit of the energy-growth debate," Bussecon Review of Social Sciences (2687-2285), Bussecon International Academy, vol. 1(2), pages 01-09, October.
    • Handle: RePEc:adi:bsrsss:v:1:y:2019:i:2:p:01-09
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    References listed on IDEAS

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