The present study investigated the correlation between energy poverty and economic growth in Nigeria, employing annual data spanning from 1986 to 2024. The study utilised the univariate Philip Peron test for autoregressive unit root, which was validated by Elliot, Rothenberg, and Stock (1996). Additionally, the maximum lag selection criteria for the ARDL Bounds Cointegration Test were employed, along with stability and diagnostic tests. The findings of the study indicate that there is a statistically significant positive relationship between energy consumption and economic growth in Nigeria. The findings indicated a reciprocal association between energy use and access to electricity, which serves as a proxy for measuring energy poverty. Furthermore, it was observed that energy consumption made a substantial and direct contribution to the economic growth of Nigeria. Based on the research findings, it is recommended that policy makers should prioritise increasing investment in the energy industry to enhance its supply and satisfy the growing demand for energy. This strategic approach aims to stimulate economic growth in Nigeria
Kingsley Stanley Usifoh (Fri,) studied this question.
Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context: