Renewable Energy Consumption and the Quality of Life in Nigeria: An ARDL Bound Test Approach

This article was aimed at investigating the impact of renewable energy consumption as a source of clean energy on quality of life in Nigeria. The theoretical framework of the study was the Grossman’s theory of healthcare demand. The study used the Autoregressive Distributive Lag (ARDL) bounds testing approach. Time series data were sourced from the International Energy Agency (IEA), the Human Development Report of the World Bank and the Central Bank of Nigeria (CBN) for a period of 1990 to 2023. Haven analyzed the data, the study found renewable energy consumption (REC) to be crucial driver of quality of life and also trade openness was found to have mixed effects quality of life which reflected the dual nature of globalization. The study therefore recommends among others that there should be prioritization of renewable energy infrastructure development in Nigeria by all Stakeholders, also there should be a shift from mere enrolment in education to long- term education outcomes by improving teachers’ training, upgrading school infrastructure and integrating STEM and vocational training into curricula, and finally stabilize inflation through proactive monetary policies.