IIARD International Institute of Academic Research and Development

Journal of Business and African Economy (JBAE )

E-ISSN 2545-5281
P-ISSN 2695-2238
VOL. 8 NO. 1 2022
DOI: https://doi.org/10.56201/jbae.v8.no1.2022.pg77.87

---

Sustainable Energy Supply: Solar Energy Adoption as a Veritable Alternative for Economic Growth in Nigeria

Damian-Okoro, Inetimi, Roseline (PhD), Ikegwuru, Mac-Kingsley (PhD)

---

Abstract

The current electricity power supply to Nigerians has been grossly inadequate and does not meet the minimum international standards of electricity services. There have been power failures or outages which does not promote development in both the private and public sectors of the economy. This present study seeks to extend the existing literature by investigating the influence of solar energy adoption (SEA) on economic growth (EG) in Nigeria. Data was drawn through questionnaire from 180 employees of 4 Local Government Areas in Rivers State. The sample for the study was decided on through the use of the simple random sampling technique, and analysed by means of simple regressions method. The study found that solar energy adoption has significant influence on gross domestic products (GDP) and human development index (HDI). Therefore, the study concludes that, solar energy adoption significantly influence economic growth in Nigeria, and recommends amongst others that Policymakers should key in effectively to sustainable energy programs that will engender GDP and HDI in order to drive citizens towards positive creativity that will increase the country’s GDP and HDI and accelerate economic growth.

keywords:

Gross domestic product, Human development index, Economic growth, Solar energy,

---

References:

Allcott, H, Collard Wexler, A & O’Connell S. (2014). How do Electricity shortages
Attract productivity? Euidance from India. www.Geogle.com accessed 23/6/19.

Basic Energy Science Workshop (2005). Basic Research Needs for Solar Energy
utilization” Report of the Basic Energy sciences workshop on solar Energy
utilization April 18-21

Black, T. R. (1999). Doing Quantitative Research in the Social Science: An Integrated
Approach to Research Design. Measurement and Statistics. Thousand Oaks C.A
Saat Publications.Inc (P118)

Bola, E. J. (2013) How to achieve sustainable power supply .A round table at the
Nigerian Institute of Advanced Legal Studies (NIAS) Abuja) December 2(2013)
accessed on www.Google. Com on 26/6/19

Bradford, T. (2006) Solar Revolution.The Economic Transformation of the Global
Energy Industry. Cambridge, M.A: The MIT Press.
Central Bank of Nigeria (2009). Statistical Bulletin and Annual Report.

Chu, Y & Meisen, P (2011) Review and comparison of Different solar Energy
Technological Global Energy Network. Institute.www.geogle.com Accessed on
23/6/16.

Divya, A & BulomineReji, S (2014) “An Empirical study on significant Role of Solar
Energy products in this Era” Internationals Journal of Current Research and
Academic Review 2(3), 121-125.

Jhingan, M. I. (1997). Macro economic theory. Delhi. Vrinda Publishing.
IEA (2009) International Energy Agency (IEA) Database Vol. 2010. Release O1: The
Energy Balances of Non-OECD Member cantrus (b) Energy Balances of OECB
MenforcanlusAvaliable at http://.c

Mbunwe, M.J. (2014). Proceedings in the World congress on Engineering and Computer
Science Vol.1 22-24 October. San Francisco, USA.

Oyeyemi, A.O. & Awujola, A. (1994). An appraisal of some factors influencing
economic growth in Nigeria. International Journal of African and Asian Studies-
An Open Access International Journal, 3. 33-38.

DOWNLOAD PDF

---

Back