TESTING THE DYNAMIC UPSHOOT OF ENERGY, POVERTY, ECOLOGICAL FOOTPRINT AND ECONOMIC PROGRESS IN NIGERIA
Keywords:
Energy poverty, Ecological footprint, Economic growthAbstract
Energy access can be painstaking as a requirement for overcoming poverty and promoting
economic progress, mounting employment opportunities, providing social services, and
encouraging human development in general. The paper investigates the effect of testing the
dynamic upshot of energy poverty, ecological footprint and economic progress in Nigeria
from 1986 to 2021. Augment Dickey Fuller and Phillips Perron unit root test show that
gross domestic product, ecological footprint per capita consumption, and electricity
consumption are stationary at first difference while CO2 emission is stationary at level. The
Auto regressive Distributed Lag (ARDL) model shows in the short run ecological footprint
per capita consumption has a negative and statistically insignificant effect on gross
domestic product in Nigeria CO2 emission shows positive but statistically insignificant
effect on gross domestic product. Moreover, the long run result shows that indicates that
ecological footprint per capita consumption has a positive but statistically insignificant
effect on gross domestic product. Electricity consumption shows positive and statistically
insignificant effect on gross domestic product. CO2 emission indicates negative and
statistically insignificant effect on gross domestic product in Nigeria. The study
recommends that Nigerian government should inject huge amount of money into the energy
sector so that electricity supply can be increase and reached rural areas and finally
economic growth can be achieved through multiplier effect.