Electricity Supply and Economic Growth in Nigeria: A Bounds Testing Co-integrative Approach
Keywords:Electricity Supply, Economic Growth, Bounds, Co-integration, Investment
Abstract The paper examines empirically, whether or not electricity supply and investment in electricity impact significantly and positively on economic growth in Nigeria over the sample period of thirty-six year from 1980-2017. The newly developed bounds testing approach to co-integration was adopted in the study. The results obtained reveal that both the short-run and long-run growth effects of electricity supply in Nigeria are significant and positive. Having ascertained the significance of electricity supply positively influencing economic growth in Nigeria, the study thus recommends a set of policies to the Nigerian government with a view to enhancing electricity distribution and fostering economic growth in Nigeria.