This study evaluated the impact of power sector expenditures on economic growth in Nigeria using a time series research design from 1986-2021. Secondary data were used and sourced from the Central Bank of Nigeria (CBN) Statistical Bulletin December 2021. the Autoregressive Distributed Lagged (ARDL) and the Error Correction Model (ECM) were used to determine the relationship and impact of power sector expenditures on economic growth in Nigeria. The ndings found that there is a long-run, short-run and signicant impact on power sector expenditure indicators especially the power sector capital expenditure in Nigeria and power sector recurrent expenditure in Nigeria. This depicts that power sector expenditure is advantageous to economic growth in Nigeria. In other words, the leading drivers of economic growth in Nigeria are power sector capital expenditure in Nigeria and power sector recurrent expenditure in Nigeria. Therefore, the study recommended that the government should increase the power capital and recurrent expenditure through the annual budget in Nigeria to improve the quality and adequate supply of electricity and the level of economic growth and development in Nigeria.
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Mairafi et al. (2024) studied this question.
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