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Globalization, Renewable Energy, and Sustainable Economic Development in Nigeria

Author

Listed:
  • Udofia, Lawrence

    (University of Uyo)

  • Effiong, Ubong

    (University of Uyo)

  • Okon, Charles

    (University of Uyo)

Abstract

The Sustainable Development Goal 7 (SDG 7), "Ensure access to affordable, reliable, sustainable and modern energy for all," presents the framework within which Nigeria must transit to clean energy use, reduce carbon emissions, and ensure safe environments. This can adequately be achieved through technological transfers which are an outcome of globalization. The aim of this paper was therefore to examine how globalization and renewable energy affect sustainable development in Nigeria. The paper utilized data from 2000 to 2025 which was analysed using the Robust Least Squares (RLS) technique and Impulse Response Functions (IRFs). Findings from the RLS show that globalization, renewable energy use, capital stock, and access to electricity positively affected sustainable development in Nigeria significantly. However, due to low public investment in renewable energy, the findings revealed that sustainable development is negatively affected by public investment in renewable energy. The policy recommendations emanating from the study include strengthening institutional frameworks for globalization, scaling up renewable energy deployment, improving public investment efficiency, investing in human capital and labour market policies, and prioritizing energy access expansion.

Suggested Citation

  • Udofia, Lawrence & Effiong, Ubong & Okon, Charles, 2026. "Globalization, Renewable Energy, and Sustainable Economic Development in Nigeria," African Journal of Commercial Studies, African Journal of Commercial Studies, vol. 7(3).
    • Handle: RePEc:cwk:ajocsl:2026-022
    DOI: 10.59413/ajocs/v7.i3.51
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    References listed on IDEAS

    as
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    Keywords

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    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development

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