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Energy Consumption and Economic Growth in Nigeria: A Causality Analysis

Author

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  • Rasheed Oyaromade
  • Adagunodo Mathew
  • Bamidele P Abalaba

Abstract

This paper attempts to investigate the relationship between total energy consumption and economic growth in Nigeria using Granger Causality. The two variables of the study – energy consumption and real GDP were found to exhibit unit root property, i.e. non-stationary. The study finds no clear relationship between energy consumption and economic growth. Real GDP was found not to cause energy consumption while energy consumption was also found not to cause real GDP. As astounding as this result may be, it portends potential policy implications for the economy including the need to implement policies that link energy consumption with growth generating activities.

Suggested Citation

  • Rasheed Oyaromade & Adagunodo Mathew & Bamidele P Abalaba, 2014. "Energy Consumption and Economic Growth in Nigeria: A Causality Analysis," International Journal of Sustainable Energy and Environmental Research, Conscientia Beam, vol. 3(1), pages 53-61.
    • Handle: RePEc:pkp:ijseer:v:3:y:2014:i:1:p:53-61:id:2086
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    Cited by:

    1. Longe Adedayo Emmanuel & Adekoya Taiwo Matthew & Soyemi Caleb Olugbenga & Adekomi Idowu Jacob & Agbanuji David Adeiza, 2021. "The Asymmetric Impact of Oil Price and Electricity Consumption on Economic Growth: Evidence from Nigeria," Acta Universitatis Sapientiae, Economics and Business, Sciendo, vol. 9(1), pages 50-70, September.
    2. Ebuwa Elisabeth Eweka & Enrique Lopez-Arroyo & Christian Oluwaremilekun Medupin & Abiola Oladipo & Luiza Cintra Campos, 2022. "Energy Landscape and Renewable Energy Resources in Nigeria: A Review," Energies, MDPI, vol. 15(15), pages 1-20, July.

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