Power Supply, Average Manufacturing Capacity Utilization and Unemployment in Nigeria

Emeka, Atume; Ogonna, Igberi Christiana; Chinyere, Udude Celina; Idenyi, Odo Stephen

doi:10.9734/arjass/2016/27683

Cited by 6 publications

(5 citation statements)

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“…Frequent power outages, operational inefficiencies and mismatch between electricity generation and transmission have been the defining aspects of Nigeria's power sector. For instance, average capacity utilisation in the sector in the last 40 years has been less than 40%; generation capacity was about 3000MW, roughly thrice the current level of national demand (Emeka et al, 2016;Ubi, Eke & Oduneka, 2011). Currently, Nigeria has 12.5 GW of installed capacity, but less than one-third is operational, with only about 15% of installed capacity eventually distributed to consumers (Ministry of Budget and National Planning, 2017).…”

Section: Discussion Of Findingsmentioning

confidence: 99%

Trade Policy, Infrastructural Development and Agricultural Sector Value Added in Nigeria

Effiom

Ebi

2020

IJIE

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The collapse of the international price of crude oil in 2015 and its attendant negative consequences on government fiscal capacity and development efforts re-echoed the need for Nigerians to return to agriculture as the surest means of conserving foreign exchange and revamping productive capacity. Within this context, this paper investigates, using the Autoregressive Distributed Lag methodology, the impact of Nigeria's trade policy and infrastructural development on agricultural value added. Findings show that in the long-run Nigeria's trade liberalisation policy is a disincentive to the growth of the agricultural sector's value added, while key components of infrastructure (roads, telecommunications and electricity consumption) had a significant relationship and positive impact on the agricultural sector. Inter alia, the paper recommends that government strengthen the current selective ban on some agricultural products while it implements the recommendations of the African Development Bank Infrastructure Plan for Nigeria.

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Section: Discussion Of Findingsmentioning

confidence: 99%

Trade Policy, Infrastructural Development and Agricultural Sector Value Added in Nigeria

Effiom

Ebi

2020

IJIE

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“…Again, Idris and Salisu (2016) found a strong negative correlation between incidence of corruption and infrastructural development in Nigeria. The power sector, for instance, has been operating at less than 40 percent of its installed capacity utilization in the last 40 years (Emeka, et al 2016), and presently with an installed capacity of 12.5GW, only one-third of this is operational, while only 15 percent of this capacity is ultimately distributed to consumers (Nigeria Economic Recovery and Growth Plan, 2017).…”

Section: Discussion Of Resultsmentioning

confidence: 99%

Challenges to capital budget implementation in Nigeria

Effiom¹

2020

Afr. Res. Rev.

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This study empirically assessed the constraints to capital budget implementation in Nigeria. The methodology employed was both descriptive and analytical. Primary survey instrument was developed and distributed to 200 respondents in 20 federal ministries, departments and agencies within two contiguous states in the South-south geopolitical zone in the country. The ensuing data were analysed using multiple regression as well as correlation analyses. Results indicated, inter alia, that delay in budget presentation by the presidency as well as delays in approval by the national assembly, leakages associated with corruption and poor monitoring and evaluation of the budget were significant factors militating against effective capital budget implementation in Nigeria. The study recommended, among others, the strengthening of the budgetary processes and institutions as well as circumscribing a time frame within the legal framework for the executive and the legislature to present and approve the budget respectively.

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“…Reviewing empirical evidence on capital accumulation and economic growth, using multiple regressions, Kanu and Ozurumba [43] found that gross fixed capital formation had no significant impact on Nigerian economic growth in the short run but had a significant relationship in the long run. Emeka et al [24] examined Nigeria's domestic investment, capital formation, and economic growth. The results indicate a considerable long-term link between domestic investment and capital buildup including boosted Nigeria's economy over the study period.…”

Section: Empirical Literaturementioning

confidence: 99%

“…Low capital formation is also one of the challenges attributed to developing nations [20,23,24]. Gross capital formation promotes technological improvement, which supports the realization of large-scale production economies and promotes specialization through the provision of machinery, tools, and equipment for a rising workforce.…”

Section: Introductionmentioning

confidence: 99%

“…Gross capital formation promotes technological improvement, which supports the realization of large-scale production economies and promotes specialization through the provision of machinery, tools, and equipment for a rising workforce. However, macroeconomic imbalances and deficiencies in economic infrastructure, such as faulty electricity generation, poor road networks, and inadequate health and educational facilities, all contributed to a decline in capital formation in the Nigerian economy [24,25,26,27].…”

Section: Introductionmentioning

confidence: 99%

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Gross Capital Formation, Infrastructure and Economic Development in Nigeria

Opadeji,

Olaniyi,

Adekanmbi

et al. 2023

AJEBA

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In Nigeria, the extent to which the decline in capital formation as well as the dismal and disrepair state of most infrastructural facilities impair the growth potentials of the nation are relatively unknown. Given this, this study utilized the Johansen co-integration technique and the Vector Error Correction Model (VECM) to examine the impact of gross capital formation and infrastructure on economic development in Nigeria from 1991 to 2021. The findings of the co-integration analysis revealed the existence of a long-run relationship among the variables while the Vector Error Correction Model (VECM) indicated that gross capital formation did not exert a statistically significant effect on economic development in Nigeria within the study period. However, it was observed that infrastructure had a significant positive effect on the development of the economy. Based on the findings, the study recommended a collaborative effort between the government and private sectors to establish a conducive environment that promotes capital investments within the country. Also, capital formation should be efficiently utilized with a sizable amount accorded to infrastructural development which in turn translates to economic development.

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Power Supply, Average Manufacturing Capacity Utilization and Unemployment in Nigeria

Cited by 6 publications

References 0 publications

Trade Policy, Infrastructural Development and Agricultural Sector Value Added in Nigeria

Trade Policy, Infrastructural Development and Agricultural Sector Value Added in Nigeria

Challenges to capital budget implementation in Nigeria

Gross Capital Formation, Infrastructure and Economic Development in Nigeria

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