Energy Poverty and Industrialization in Nigeria: An Econometric Analysis
Abstract
This paper examined the relationship between energy poverty and industrialization in Nigeria between 1990 and 2021. Data from the World Bank, EIA, and NNPC were gathered and subjected to a unit-root test using the Augmented Dickey-Fuller test which showed that the variables in the model were of mixed order of integration. This bounds cointegration test also showed the existence of long-run relationships among the variables. The estimation result showed that energy poverty significantly impacts industrialization in Nigeria. The paper suggests that the Nigerian government should invest in policy and infrastructure that would improve electricity access and reduce energy poverty. The paper also suggests that the Nigerian government should encourage the optimal functionality of the refineries in the country
References
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