Electric Power Deficit and Economic Growth in Nigeria: A Sectoral Analysis

Henry, James Tumba; Ndem, Bassey Enya; Ujong, Ofem Lekam; CIhuoma, Chijioke Mercy

doi:10.32479/ijeep.11491

Cited by 3 publications

(3 citation statements)

References 5 publications

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“…The aim was to determine the most significant lag length that variables would be lagged. According to Henry et al (2021), several lag selection criteria can be adopted for the lag length selection. This includes; Sequential modified LR test statistics, Final prediction error, Akaike information criterion, Schwarz information criterion, and Hannan-Quinn information criterion.…”

Section: Source: Authors' Computationmentioning

confidence: 99%

Autoregressive Distributed Lag Approach (ARDL) to Corruption and Economic Growth Nexus in Nigeria

Ndem

Henry

Agala

2022

JESCAE

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The corruption in Nigeria is generating concern around the globe and among its citizens. This concern is because corruption has continued undermining the country's socio-economic development. Thus, this study empirically investigates the impact of corruption on economic growth in the Nigerian economy using annual data from 1980 to 2018. The study employed the autoregressive distributed lag (ARDL) model as its estimation technique. In this study, economic growth was proxied by gross domestic product growth rate (GDPGR), while corruption was proxied by the corruption perception index. The result revealed that corruption has a negative and significant impact on economic growth in Nigeria in the long run. This finding implies that corruption has impeded the economic development process in Nigeria within the period of this study. Thus, it was recommended that anti-corruption agencies in Nigeria, such as the Economic and Financial Crime Commission (EFCC) should be strengthened by enacting laws that will empower them to investigate, arrest and prosecute offenders.

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Section: Source: Authors' Computationmentioning

confidence: 99%

Autoregressive Distributed Lag Approach (ARDL) to Corruption and Economic Growth Nexus in Nigeria

Ndem

Henry

Agala

2022

JESCAE

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“…These facts make Nigeria the country with the world's most significant energy access deficit. Yet, Henry, Ndem, Ujong and Ihuoma [4] observed that the current electricity supply is grossly inadequate to cater to the power needs of manufacturers and the populace in general. This suggests that the supply of energy which by implication includes non-renewable energy could be considered as one of the challenges confronting households and manufacturing sector activities in textile and clothing firms in the country.…”

Section: Introductionmentioning

confidence: 99%

Effect of Non - Renewable Energy on Manufacturing Output in Nigeria

Awujola,

Ezie,

Sunday

2023

AJEBA

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The role of energy, especially non-renewable energy in promoting manufacturing sector activities and operations in developing countries like Nigeria cannot be over-emphasized. This paper investigated the effect of non-renewable energy on textile and clothing output as a sub-sector of the manufacturing sector in Nigeria using time series data covering the period 1986 to 2021. Expost -Facto design was employed as a guide. The study used annual time series data on hydro-electricity, petroleum and gas energy respectively as components of non-renewable energy and textile and clothing manufacturing sub-sector output in Nigeria spanning from 1986 to 2022. Data used were obtained from the Central Bank of Nigeria (CBN) Publication and the World Development Indicators (WDI) considered as reliable sources of data for econometric analysis. The ARDL regression technique was used to estimate depicting the relationship between the variables, while the econometric properties of the data were determined using the Phillip-Perron (PP) unit root test and the Bounds cointegration methods. Mean, kurtosis and skewness were employed to describe the data. Results showed among others, that textile and clothing (coefficient, 1.25449; probability value, 0. 000) has significant positive effect on output level. Coal energy consumption (CEC) (coefficient, -6.665467; p, 0.7170), while petroleum energy consumption (PEC) (coefficient, -0.090996; p-value, 0. 6910) had no significant negative effect on textile and clothing output level. Furthermore, gas energy consumption (GEC (coefficient, 19.80158, p, 0.0069) had significant positive effect on textile and clothing output in Nigeria. The Paper concluded that non-renewable energy has no significant effect on textile and clothing output in Nigeria. The study recommended among others, that alternative energy sources, particularly renewable sources should be explored by the federal ministry of petroleum for enhanced economic growth, particularly of textile and clothing output.

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“…Infrastructural deficits largely impacted this performance in the electricity value chain. It is believed that the current electricity supply is grossly inadequate to cater to the power needs of manufacturers and the populace in general (Henry, Ndem, Ujong, & Ihuoma, 2021;KPMG, 2021). Furthermore, World Bank (2021a) asserts that only 57 per cent of Nigerians have access to electricity compared to 100 per cent in Mauritius and Tunisia, 99.8 per cent in Egypt, 99.1 per cent in Algeria, 99 per cent in Morocco and Seychelles, 96.1 per cent in Cape Verde, 90.7 per cent in Gabon, 84.3 per cent in Ghana and 84.2 per cent in South Africa These facts make Nigeria the country with the world's most significant energy access deficit (World Bank, 2021b).…”

Section: Introductionmentioning

confidence: 99%

Electricity Supply and Manufacturing Sector Output in Nigeria

Edet

Henry

Efefiom

et al. 2022

5049

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This study investigated the impact of electricity supply on manufacturing output in Nigeria using data from 1980 to 2019. By augmenting the endogenous growth model production function with key variables affecting manufacturing sector output, such as exchange rate and technology, which previous studies failed to capture. The result of the autoregressive distributed lag (ARDL) model revealed that electricity supply has a negative and insignificant relationship with the manufacturing sector output. Conversely, technology has a positive and significant relationship with manufacturing sector output in the short run. Thus, it was recommended that an adequate and stable supply of electricity and deploying modern technology should be on the front burner of the country's development policy. This steady supply will not only enhance the growth of the manufacturing sector but also lead to inclusive growth in terms of reducing poverty and unemployment in the Nigerian economy and promoting rapid economic growth.

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Electric Power Deficit and Economic Growth in Nigeria: A Sectoral Analysis

Cited by 3 publications

References 5 publications

Autoregressive Distributed Lag Approach (ARDL) to Corruption and Economic Growth Nexus in Nigeria

Autoregressive Distributed Lag Approach (ARDL) to Corruption and Economic Growth Nexus in Nigeria

Effect of Non - Renewable Energy on Manufacturing Output in Nigeria

Electricity Supply and Manufacturing Sector Output in Nigeria

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