References
Afolabi, A., & Laseinde, O. T. (2019). Manufacturing sector performance and economic growth in Nigeria. Journal of Physics: Conference Series, 1378. doi:10.1088/1742- 6596/1378/3/032067 Alvarez, R., Lozano, S., Martín, P., & Baíllo, Á. (2020). An empirical analysis of the determinants of oil refining capacity. Resources Policy, 67, 101656. Amankwah-Amoah, J., Durugbo, C. M., Annan, J., Adzovor, A., & Banful, A. A. (2020). Why do manufacturing firms diversify into the upstream or downstream segments of the value chain? Industrial Marketing Management, 88, 125-142. Ar?kan, Y., Bilgen, B., & Erdogan, S. (2018). Cement production and consumption in Turkey. Cement and Concrete Research, 109, 12-21. Awolusi, O. D., & Ayeni, A. O. (2019). Evaluating the effect of manufacturing capacity utilization on economic growth in Nigeria. International Journal of Economics, Commerce and Management, 7(2), 1-13. Central Bank of Nigeria (CBN). (2020). Economic Recovery and Growth Plan (ERGP) 2017- Retrieved from https://www.cbn.gov.ng/Out/2020/MPD/ERGP%20ANNUAL%20REPORT%202019 .pdf Central Bank of Nigeria (CBN). (2021). Manufacturing Capacity Utilization in Nigeria. Retrieved from https://www.cbn.gov.ng/out/2021/ccb/manufacturing%20capacity%20utilization%20i n%20nigeria%20_130121.pdf Corporate Finance Institute. (2015). Correlation. Retrieved from https://corporatefinanceinstitute.com/resources/knowledge/finance/correlation/ Dang, Q., Feng, J., Fu, T., Lu, Y., Zhang, Y., & Jiang, L. (2016). The relationship between cement production, economic growth, and employment: A case study in China. Journal of Cleaner Production, 112(Part 5), 3861-3870. Echebiri, R. N. (2016). Impact of manufacturing sector on Nigeria's economic growth: A three- sector supply-driven input-output model. International Journal of Economics, Commerce and Management, 4(4), 76-93. El-Katiri, L., & Fattouh, B. (2015). The dynamics of the refining industry in the Middle East and North Africa. Oxford Institute for Energy Studies. Oxford Energy Comment, 16. Fattouh, B., El-Katiri, L., & Segal, P. (2017). The refining sector under siege: The impact of oil price shocks on refining in the Middle East and North Africa. Energy Economics, 64, 334-341. Hobbs, J. E. (2018). Food supply chains during the COVID-19 pandemic. Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, 68(2), 171-176. Huang, L. (2020). Manufacturing capacity utilization and economic growth: Evidence from China. Journal of Economic Research, 25(3), 235-253. Huang, Y., & Nystrom, P. C. (2017). Manufacturing capacity utilization: An empirical study of its time series properties and its determinants. International Journal of Production Economics, 187, 1-13. Huang, Y., Yang, H., & Li, Z. (2020). The dynamic relationship between manufacturing capacity utilization and economic growth: Evidence from China. Emerging Markets Finance and Trade, 56(8), 1847-1864. Kim, S., & Kim, W. (2018). Manufacturing capacity utilization and economic growth: The case of South Korea. Economic Modelling, 75, 153-163. Kojo, E. R., Nchege, J. & Dorathy, I. (2020). Infrastructure development, capacity utilization and manufacturing value added in Nigeria. The Economics and Finance Letters, 7(2), 104–111. https://doi.org/10.18488/journal.29.2020.72.104.111. Lucas, R. E. (1988). On the mechanics of economic development. Journal of Monetary Economics, 22(1), 3-42. Nigeria Industrial Policy and Competitiveness Advisory Council. (2021). Nigeria Industrial Policy. Retrieved from https://www.nipc.gov.ng/wp-content/uploads/2015/09/NIPC- Industrial-Policy-FINAL.pdf. Nigeria Investment Promotion Commission. (2021). Manufacturing. Retrieved from https://www.nipc.gov.ng/manufacturing/. Nigerian National Petroleum Corporation. (2021). Our Business. Retrieved from https://www.nnpcgroup.com/Our-Business.html. Ogbeide, O. O. (2019). Manufacturing capacity utilization, economic growth, and industrialization in Nigeria. Journal of Manufacturing Technology Management, 30(1), 89-108. Ogbonna, O. S., Udechukwu, C. E., & Amaeshi, K. (2018). Manufacturing capacity utilization and its determinants: Evidence from Nigerian manufacturing firms. Future Business Journal, 4(2), 209-221. Ogiriki, T., & Atagboro, E. (2022). Environmental accounting and the profitability of consumer goods manufacturing corporations in Nigeria. International Journal of Innovative Research and Development, 8(4), 46-60. Okeoma T. F., Nwaobilor N. C., & Amaechi, U. G. (2022). Impact of manufacturing capacity utilization on the Nigerian economy. Journal of Energy Technology and Environment, 4(4), 76–86. https://doi.org/10.5281/zenodo.7446344. Okunade, S. O. (2018). Effect of capacity utilisation on manufacturing firms’ production in Nigeria. Global Journal of Management and Business Research: B Economics and Commerce, 18(1), 29-38. Oniyide, F. V., & Ogunjinmi O. O. (2021). Effect of manufacturing capacity utilization on economic growth: An empirical evidence of Nigeria. International Journal of Research and Scientific Innovation (IJRSI), 8(5), 39-48 https://www.semanticscholar.org/paper/Effect-of-Manufacturing-Capacity- Utilization-on-An/75509fa07ef954e6605249d5ac9a0b94d0c4bcac [Accessed 2 Feb. 2024]. Onwioduokit, E. A., Eseonu, C. I., & Oranuba, C. (2019). Manufacturing output, energy consumption and carbon emissions in Nigeria. Energy Reports, 5, 134-141. Onwuka, I. C. (2018). An empirical investigation of the relationship between capacity utilization and manufacturing output in Nigeria. Journal of Economics and Sustainable Development, 9(15), 126-135. Romer, P. M. (1986). Increasing returns and long-run growth. Journal of Political Economy, 94(5), 1002-1037. Sawik, T. (2018). Capacity management in manufacturing: A literature review. International Journal of Production Economics, 199, 30-52. Singh, M., Rathi, R. and Singh Kaswan, M. (2021). Capacity utilization in industrial sector: a structured review and implications for future research. World Journal of Engineering. https://doi.org/10.1108/wje-09-2020-0447. Wikipedia. (2021). Jarque–Bera Test. Retrieved from https://en.wikipedia.org/wiki/Jarque%E2%80%93Bera_test World Bank. (2021). Nigeria. Retrieved from https://data.worldbank.org/country/nigeria.