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INTERNATIONAL JOURNAL OF SCIENTIFIC DEVELOPMENT AND RESEARCH International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2455-2631 | Impact factor: 8.15 | ESTD Year: 2016 open access , Peer-reviewed, and Refereed Journals, Impact factor 8.15 |
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| Paper Title: | Impact of Electricity Consumption on Manufacturing Sector Growth in Nigeria |
| Authors Name: | HITLAR INEDU , SILAS ABU IDOKO , MARY ABDUL YUSUF |
| Unique Id: | IJSDR2211152 |
| Published In: | Volume 7 Issue 11, November-2022 |
| Abstract: | This study was conducted to examine the impact of electricity consumption on manufacturing sector growth in Nigeria covering the period of 1986 to 2020. The data for the study were sourced from World Bank’s Development Indicator and International Energy Agency (IEA). The study employed Augmented Dickey Fuller unit root, Autoregressive Distributed Lag (ARDL), Johansen Co integration and Pairwise Granger Causality test. For the objectives, the outcome revealed that electricity consumption had a significant positive effect on contribution of manufacturing sector to Gross Domestic Product in Nigeria. Therefore, increase in electricity consumption led to increase in manufacturing sector growth in Nigeria within the study period. Also, electricity generation had a significant negative effect on contribution of manufacturing sector to Gross Domestic Product in Nigeria. Therefore, increase in electricity generation led to increase in manufacturing sector growth in Nigeria within the study period. Government should ensure that there is increase in electricity generation to boost electricity consumption towards enhancing the contribution of manufacturing sector to Gross Domestic Product so as to improve manufacturing sector growth in the Nigerian economy. |
| Keywords: | Electricity, Consumption, Manufacturing growth |
| Cite Article: | "Impact of Electricity Consumption on Manufacturing Sector Growth in Nigeria", International Journal of Science & Engineering Development Research (www.ijsdr.org), ISSN:2455-2631, Vol.7, Issue 11, page no.1031 - 1038, November-2022, Available :http://www.ijsdr.org/papers/IJSDR2211152.pdf |
| Downloads: | 000337212 |
| Publication Details: | Published Paper ID: IJSDR2211152 Registration ID:202639 Published In: Volume 7 Issue 11, November-2022 DOI (Digital Object Identifier): Page No: 1031 - 1038 Publisher: IJSDR | www.ijsdr.org ISSN Number: 2455-2631 |
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