Sustainable economic horizons: integrating green and blue economies, energy strategies to drive Nigeria’s growth potential

Ali Umar Ahmad (), Atiku Muhammad Abubakar, Maikudi Muhammad, Inuwa Mukhtar Ahmad, Bashir Yakubu Sani, Ahmad Tijjani Abdullahi and Hussaini Shiaibu
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Ali Umar Ahmad: Universiti Malaysia Terengganu
Atiku Muhammad Abubakar: AL-QALAM University
Maikudi Muhammad: Kano State College of Education and Preliminary Studies
Inuwa Mukhtar Ahmad: Kano State Polytechnic
Bashir Yakubu Sani: Capital University of Economics and Business (CUEB)
Ahmad Tijjani Abdullahi: Bayero University Kano
Hussaini Shiaibu: AL-QALAM University

SN Business & Economics, 2025, vol. 5, issue 3, 1-42

Abstract: Abstract This pioneering study delves into the complex and nuanced relationships between energy dynamics, green and blue economy factors, and sustainable economic growth in Nigeria, utilizing monthly data from January 1970 to December 2022. The analysis employs the Multiple Threshold Nonlinear Autoregressive Distributed Lag (MT-NARDL) model, which allows for the exploration of both short-run and long-run asymmetries in the economic dynamics. Key variables include total fisheries production, agriculture, forestry and fishing value added, aquaculture output, trade openness, innovation, energy intensity, total energy use, and renewable energy consumption. The results indicate significant asymmetric effects, with varying impacts on sustainable economic growth across different quantile regimes. Specifically, bidirectional causal relationships are identified between sustainable economic growth and agriculture, forestry, fishing value added, trade openness, innovation, and energy intensity. These findings underscore the importance of incorporating nonlinearities and asymmetries when assessing the drivers of sustainable growth. By offering a nuanced analysis of the interconnections between energy, green economy, and blue economy factors, this study provides valuable insights for policymakers, contributing to more informed decision-making and resource allocation strategies aimed at fostering sustainable economic development in Nigeria.

Keywords: Blue economy factors; Energy factors; Green economy factors; MT-NARDL; Nigeria; Sustainable economic growth (search for similar items in EconPapers)
Date: 2025
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DOI: 10.1007/s43546-025-00786-y

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