ELECTRICITY CONSUMPTION AND ECONOMIC GROWTH IN NIGERIA: AN EMPIRICAL ANALYSIS FROM 1980-2021
Abstract
This study examined the impact of electricity consumption and economic growth in Nigeria between the period 1980 and 2021. The study adopted the use of different variables like electricity consumption, carbon emission and greenhouse emission as the independent variables. While in the study, GDP per Capita was the proxy for economic growth which was the dependent variable. The study conducted a time-series unit root analysis to conform the stationarity of the series. The work employed the use of bound test and it showed that there is no co-integration between the variables. The study also tested the relationship between the variables and causality test was performed. The result revealed that there is a bi-directional relationship between electricity consumption, carbon emission, greenhouse emission and economic growth in Nigeria. The study therefore recommends that the government should make more investment in sustainable electricity generation that would positively stimulate energy consumption and increased economic growth in Nigeria.
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