THE IMPACT OF POWER GENERATION ON ECONOMIC GROWTH
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
The study examined the impact of power generation on economic growth in Nigeria between 1980 and 2016. Economic growth was proxy as real GDP while power generation was surrogated as electricity generated from hydroelectric, oil, natural gas and coal. In addition, power consumption per capita was utilized as control variables. The econometric techniques of Augmented-Dickey Fuller unit root test, Johansen Cointegration test and Error Correction Model were employed.
The study concluded that power generation did not significantly contributed to economic growth in Nigeria between 1980 and 2016. The non-significance of power generation on economic growth in Nigeria is not unconnected to the fact that the generation sub-sector of the Nigerian power industry is beset with certain constraints that has prevented the optimal generation of power.
The study concluded that; Issues pertaining to electricity production and economic development should be given adequate attention especially in the budget schemes and because of this, substantial amount should be allocated to the power sector in order to resolve its challenges and keep the sector in good shape; Government is beckoned to sincerely implement the recommendations of the Power Sector Reform Committee and Oil and Gas Reform Committee; Adequate attention should be placed on appropriate funding of the power sector, security of gas supply, maintenance of existing power supply infrastructures, harmonization of activities among various stakeholders in the power sector and expansion of transmission and distribution networks; Corrupt practices in the power sector must be checked. Any official found to have dissipated public funds meant for given project should be brought to book; Government should allow greater participation of foreign and domestic investors in the power sector. This is because investment introduces new technology and expertise.
Related Project Materials
THE LEGAL FRAMEWORK FOR THE PROTECTION OF WOMEN’S RIGHTS IN NIGERIA
SCOPE OF THE STUDY
This research primarily cuts across Nigeria as a nation. It focuses on the Nigerian law and Int...
A CRITICAL ASSESSMENT OF FINANCIAL REPORTING STANDARDS CONVERGENCE AND ITS IMPLICATIONS
ABSTRACT:
This study critically assesses the convergence of financial reporting standards and its impli...
GEOELECTRIC INVESTIGATION OF GROUNDWATER POTENTIAL USING VERTICAL ELECTRICAL SOUNDING AT THE MALE STUDENT HOSTEL ISA KAITA COLLEGE OF EDUCATION DUTSINMA, KATSINA STATE NIGERIA
ABSTRACT
A geoelectric survey of groundwater potential was carried out in the male hostel at Isa Kaita College of Education Dutsinma, Kat...
A STUDY OF MODIFICATIONS OF FILLER DIMENSIONS AND THE EFFECT OF PHYSICAL AND MECHANICAL PROPERTIES OF PINEAPPLE LEAF FIBRE REINFORCED POLYPROPYLENE COMPOSITES
ABSTRACT
This research studied the effect of filler dimensions on some major properties of pineapple leaf fibre-reinforced polypropylene...
PREVALENCE OF HEPATITIS VIRUS INFECTION AMONG PREGNANT WOMEN
Abstract
In this project a comprehensive analysis or discussion of the result is made. It gives a detailed analysis of...
EFFECT OF CRUSHED COCONUT SHELL AND POLYETHYLENE TEREPHTHALATE AS PARTIAL REPLACEMENT OF COARSE AGGREGATE IN CONCRETE
ABSTRACT
This study investigates the suitability of crushed coconut shell (CCS) and polyethylene terephthalate (PET) as partial replaceme...
AN APPRAISAL OF THE APPLICATION OF PLEA BARGAINING PROCEDURE IN NIGERIAN CRIMINAL JUSTICE SYSTEM
ABSTRACT
This project titled”An Appraisal of the Application of Plea Bargaining Procedure in Nigerian Criminal Justice System&rdquo...
THE IMPACT OF STAKEHOLDER MANAGEMENT ON PROJECT SUCCESS
Abstract: This research investigates the impact of stakeholder management on project success, with objective...
ROLE OF ANAMBRA BROADCASTING SERVICE IN THE FIGHT AGAINST CULTISM IN NNAMDI AZIKIWE UNIVERSITY AWKA.
Abstract
The study finds out the role of Anambra broadcasting service Awka in the fight against cultism in Nnamdi Azikiwe University. It...
THE EFFECTS OF NON-MONETARY INCENTIVES ON EMPLOYEE PERFORMANCE IN THE NIGERIAN MANUFACTURING SECTOR
ABSTRACT
The study examines the effects of non-monetary incentives on employee performance in the Nigerian manufacturing...
