IDEAS home Printed from https://ideas.repec.org/a/eis/articl/216omojolaibi.html
   My bibliography  Save this article

The dynamics of electricity consumption and private investment in Nigeria

Author

Listed:
  • 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
    as

    Download full text from publisher

    File URL: http://www.economicissues.org.uk/Files/2016/216Omojolaibi.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    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. 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.
    3. 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).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eis:articl:216omojolaibi. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dan Wheatley (email available below). General contact details of provider: https://edirc.repec.org/data/bsntuuk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.