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Electricity Consumption and Human Capital Development in Nigeria: Exploring the Implications for Economic Growth

Author

Listed:
  • Oluwatoyin A. Matthew

    (Department of Economics and Development Studies, Covenant University, Ota, Ogun State, Nigeria.)

  • Christian U. Ede

    (Department of Economics and Development Studies, Covenant University, Ota, Ogun State, Nigeria.)

  • Romanus Osabohien

    (Department of Economics and Development Studies, Covenant University, Ota, Ogun State, Nigeria.)

  • Jeremiah Ejemeyovwi

    (Department of Economics and Development Studies, Covenant University, Ota, Ogun State, Nigeria.)

  • Fagbeminiyi F. Fasina

    (Department of Economics and Development Studies, Covenant University, Ota, Ogun State, Nigeria.)

  • Doris Akinpelumi

    (Department of Economics and Development Studies, Covenant University, Ota, Ogun State, Nigeria.)

Abstract

This study examined the multiplier effect of human capital development through the usage of electricity power for maximum productivity to enhance economic growth in Nigeria. The study engaged data sourced from the World Development Indicators (WDI) for the period 1981-2016, and the Fully Modified Ordinary Least Squares (FMOLS) econometric method was engaged for the analysis. Results from the study showed that, human capital development is insignificantly related to the economic growth in Nigeria, while electricity consumption is significantly linked with economic growth. Therefore, the study recommended that there is a need for the government to develop human capital via the improvement of the educational and health facilities in the country as well as provide electricity in the rural and urban areas for maximum productivity.

Suggested Citation

  • Oluwatoyin A. Matthew & Christian U. Ede & Romanus Osabohien & Jeremiah Ejemeyovwi & Fagbeminiyi F. Fasina & Doris Akinpelumi, 2018. "Electricity Consumption and Human Capital Development in Nigeria: Exploring the Implications for Economic Growth," International Journal of Energy Economics and Policy, Econjournals, vol. 8(6), pages 8-15.
    • Handle: RePEc:eco:journ2:2018-06-2
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    Cited by:

    1. Hamisu S. Ali & Solomon P. Nathaniel & Gizem Uzuner & Festus V. Bekun & Samuel A. Sarkodie, 2020. "Trivariate Modelling of the Nexus between Electricity Consumption, Urbanization and Economic Growth in Nigeria: Fresh Insights from Maki Cointegration and Causality Tests," Research Africa Network Working Papers 20/010, Research Africa Network (RAN).
    2. Timothy Ayomitunde Aderemi & Oyegoke Adebusola Adebola & Wahid Damilola Olanipekun & Olaoye Olusegun Peter & Ayodeji Gbenga Bamidele & Azuh Dominic Ezinwa, 2021. "Human Capital Development, Energy Consumption and Crude Oil Exports in Nigeria: Implications for Sustainable Development," International Journal of Energy Economics and Policy, Econjournals, vol. 11(4), pages 443-449.
    3. Olufunmilayo T. Afolayan & Henry Okodua & Hassan Oaikhenan & Oluwatoyin Matthew, 2020. "Carbon Emissions, Human Capital Investment and Economic Development in Nigeria," International Journal of Energy Economics and Policy, Econjournals, vol. 10(2), pages 427-437.
    4. Uchechukwu E. Okorie & Evans S. Osabuohien & Hassan E. Oaikhenan, 2020. "Electricity Consumption, Public Agricultural Expenditure and Output in Nigeria: A Time Series Dynamic Approach," International Journal of Energy Economics and Policy, Econjournals, vol. 10(2), pages 113-123.
    5. Oluwatoyin Matthew & Anthonia Adeniji & Romanus Osabohien & Tomike Olawande & Tolulope Atolagbe, 2020. "Gender Inequality, Maternal Mortality and Inclusive Growth in Nigeria," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 147(3), pages 763-780, February.
    6. Bosede Comfort Olopade & Henry Okodua & Muyiwa Oladosun & Oluwatoyin Matthew & Ese Urhie & Romanus Osabohien & Oluwasogo Adediran & Olubunmi H. Johnson, 2020. "Economic Growth, Energy Consumption and Human Capital Formation: Implication for Knowledge-based Economy," International Journal of Energy Economics and Policy, Econjournals, vol. 10(1), pages 37-43.
    7. Oseghale Baryl Ihayere & Philip Olasupo Alege & Obindah Gershon & Jeremiah Ogaga Ejemeyovwi & Praise Daramola, 2021. "Information Communication Technology Access and Use towards Energy Consumption in Selected Sub Saharan Africa," International Journal of Energy Economics and Policy, Econjournals, vol. 11(1), pages 471-477.
    8. Oluwatoyin A. Matthew & Christian Ede & Romanus Osabohien & Jeremiah Ejemeyovwi & Tunde Ayanda & Joshua Okunbor, 2021. "Interaction Effect of Tourism and Foreign Exchange Earnings on Economic Growth in Nigeria," Global Business Review, International Management Institute, vol. 22(1), pages 7-22, February.
    9. Mohammed Hadi & George Campbell, 2020. "Relationship among Energy Consumption, Inflation, Human Capital and Economic Growth: Evidence from Indonesia," International Journal of Applied Economics, Finance and Accounting, Online Academic Press, vol. 6(2), pages 85-92.
    10. Abdul Haseeb & Enjun Xia & Shah Saud & Muhammad Usman & Muhammad Umer Quddoos, 2023. "Unveiling the liaison between human capital, trade openness, and environmental sustainability for BRICS economies: Robust panel‐data estimation," Natural Resources Forum, Blackwell Publishing, vol. 47(2), pages 229-256, May.
    11. Romanus Osabohien & Oluwatoyin Matthew & Usayo Aderounmu & Tomike Olawande, 2019. "Greenhouse Gas Emissions and Crop Production in West Africa: Examining the Mitigating Potential of Social Protection," International Journal of Energy Economics and Policy, Econjournals, vol. 9(1), pages 57-66.
    12. Sherifatu O. Onayemi & Philip A. Olomola & Philip O. Alege & Oluwakemi O. Onayemi, 2020. "Foreign Direct Investment, Electricity Power Supply and Economic Growth in Nigeria," International Journal of Energy Economics and Policy, Econjournals, vol. 10(5), pages 243-247.
    13. Michael Oguwuike Enyoghasim & Lasbrey Anochiwa & F. Tobechi Agbanike & Iyke Uwazie Uwazie & E. Uma Kalu & O. Kelvin Onwuka & Sunday Amalunweze Okwor & Ikwor Okoroafor Ogbonnaya, 2019. "Oil Exploration and Exploitation in Nigeria and the Challenge of Sustainable Development: An Assessment of the Niger Delta," International Journal of Energy Economics and Policy, Econjournals, vol. 9(4), pages 369-380.
    14. Olowookere Johnson Kolawole & Olanipekun Wahid Damilola & Sokunbi Gbenro Matthew & Aderemi Timothy Ayomitunde, 2022. "Human Capital Development and Sustainable Development: Evidence from Nigeria," Studia Universitatis Babeș-Bolyai Oeconomica, Sciendo, vol. 67(1), pages 63-76, April.

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    More about this item

    Keywords

    Human Capital; Electricity Consumption; Economic Growth.;
    All these keywords.

    JEL classification:

    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities

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