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The dynamics of electricity consumption and private investment in Nigeria

Author

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  • J A Omojolaibi
  • E P Mesagan
  • T D Oladipupo

Abstract

This study investigates the nexus between electricity consumption and private investment in Nigeria. The study spans the period 1981-2013 and uses the Johansen co-integration analysis and error correction model. The results show that the components of electricity consumption induced a positive and significant effect on private investment. The study further shows the possibility of long-run equilibrium convergence between the components of electricity consumption and private investment. The research therefore recommends that the government should ensure that private investments in electricity are properly encouraged in a manner that it will raise the nation's production capacity. Also, the government should create an enabling environment for the development of electricity markets.

Suggested Citation

  • J A Omojolaibi & E P Mesagan & T D Oladipupo, 2016. "The dynamics of electricity consumption and private investment in Nigeria," Economic Issues Journal Articles, Economic Issues, vol. 21(2), pages 33-51, September.
    • Handle: RePEc:eis:articl:216omojolaibi
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    Cited by:

    1. Salaudeen Mohammed Bashir, 2023. "Effect of Crude Oil Revenue on the Oil and Non-oil Sectors in Nigeria," Acta Universitatis Sapientiae, Economics and Business, Sciendo, vol. 11(1), pages 138-161, October.
    2. Korkmaz, Özge, 2022. "What is the role of the rents in energy connection with economic growth for China and the United States?," Resources Policy, Elsevier, vol. 75(C).
    3. Ekundayo P. Mesagan & Mustapha O. Bello, 2018. "Core infrastructure and industrial performance in Africa: Do institutions matter?," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 65(4), pages 539-562, December.

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