EAS Publisher | Energy and Industrial Productivity in Nigeria: An Insight from ARDL Approach

Energy and Industrial Productivity in Nigeria: An Insight from ARDL Approach

DOI : https://doi.org/10.36349/EASJEBM.2020.v03i05.002

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This paper analyzed and estimated the impact of energy on industrial productivity in Nigeria for the sample period of 1980 – 2018. The Autoregressive Distributed Lag model (ARDL) estimated with the Ordinary Least Square technique was used to examine the relationship among the variables. Findings from the model revealed that there was a direct and significant relationship between gross capital formation, gas consumption, electricity consumption and petroleum products consumption on industrial productivity in the long run. There was a direct and significant relationship between the independent variables and industrial productivity in the short run with the exception of electricity consumption that indicated negative and insignificant impact. The study therefore recommended investments in alternative energy sources and harnessing the abundance of natural gas in Nigeria’ energy mix.

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