✶ Other articles in this issue

Public Supply of Electricity and Economic Growth in Nigeria

Download PDF picture_as_pdf

Abstract

This study examined the effects of public supply of electricity on economic growth in Nigeria. In doing this, the work employed time series data spanning about forty-two years (1970-2014). Using the Vector Error Correction Mechanism (VECM), the result points to the fact that, Nigeria’s national output could significantly and consistently improve in the face of available and sustained electricity supply. Our findings indicate that this can greatly be achieved through a targeted investment in the power sector, as this will enhance improvement in the manufacturing and other relevant subsectors of the real sector of the economy, since power itself must be considered a basic input if the economy must be industrialized. In line with this, the present efforts on the part of government are encouraged to be more honest, clear, target oriented and sustained.


Read more