Empirical Analysis of The Dynamic Interplay between Energy‎Consumption and Economic Growth in Nigeria

  • Authors

    • Kelechi Enyinna Ugwu Federal University of Technology, Owerri, Nigeria
    • Charles Odinakachi Njoku Federal University of Technology, Owerri, Nigeria
    • Anthony Ifeanyi Otuonye Federal University of Technology, Owerri, Nigeria
    • Chilaka Emmanuel Nwaimo Federal University of Technology, Owerri, Nigeria
    • Edward Uche Omeire Federal University of Technology, Owerri, Nigeria
    • Godwin Onyeka Nwafor Federal University of Technology, Owerri, Nigeria
    • Chuks Cornelius Molukwu Federal University of Technology, Owerri, Nigeria
    • Emmanuel Chijioke Nwadike Federal University of Technology, Owerri, Nigeria
    • Ibeawuchi Ifeanyi Echeme Federal University of Technology, Owerri, Nigeria
    • Chidi Christian Onyeanwu Federal University of Technology, Owerri, Nigeria
    • Cletus ‎Ikechukwu Anah Federal University of Technology, Owerri, Nigeria
    • kolawole Ojo Adeniyi Nigerian Stored Products Research Institute, Ilorin, Nigeria
    • Kingsley Onyekachi Onyele Rhema University Nigeria
    https://doi.org/10.14419/wg2qr846

    Received date: August 4, 2025

    Accepted date: September 18, 2025

    Published date: September 23, 2025

  • Energy; Energy Consumption; Economic Growth; Error Correction Model; Gross Domestic ‎Product

  • Abstract

    The study investigated energy consumption and economic growth in Nigeria using time series data ‎for the period of 1986 to 2024. Energy consumption was measured by PMS consumption, ‎electricity consumption, coal consumption, and labour consumption, while economic growth was ‎measured by GDP per capita. The study used the Error Correction Model (ECM) to achieve its ‎objectives. The Johansen cointegration test showed that there was no long-run relationship ‎between the components of energy consumption and economic growth in Nigeria. In the short run, ‎it was observed that while PMS consumption and electricity consumption had an insignificant ‎effect on GDP per capita, coal consumption and labour consumption were significant to GDP per ‎capita growth. The study therefore recommended that the government should make adequate ‎provision to enhance electricity consumption towards boosting economic growth in the Nigerian ‎economy. This could be achieved if the federal government improves on energy generation, energy ‎transmission, and energy distribution to boost its consumption among economic agents such as ‎households, firms, markets, and the government itself‎.

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  • How to Cite

    Ugwu, K. E. ., Njoku , C. O. ., Otuonye , A. I. ., Nwaimo , C. E. ., Omeire , E. U. ., Nwafor , G. O. ., Molukwu , C. C. ., Nwadike , E. C. ., Echeme , I. I. ., Onyeanwu, C. C. . ., Anah , C. ‎Ikechukwu ., Adeniyi , kolawole O. ., & Onyele , K. O. . (2025). Empirical Analysis of The Dynamic Interplay between Energy‎Consumption and Economic Growth in Nigeria. International Journal of Accounting and Economics Studies, 12(5), 893-900. https://doi.org/10.14419/wg2qr846