The dynamics of electricity consumption and private investment in Nigeria

J A Omojolaibi, Ekundayo Mesagan and T D Oladipupo

Economic Issues Journal Articles, 2016, vol. 21, issue 2, 33-51

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.

Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:eis:articl:216omojolaibi

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