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Biomass Energy Financing and Electricity Generation in Nigeria

This research examines the impact of financial allocations for biomass energy on Nigeria's electricity output, a vital element for the country's economic growth. Using an ex-post facto research design, the analysis employs a chronological series of data from 1986 to 2022, sourced from the Central Bank of Nigeria's Statistical Bulletin, various national agencies, and the World Development Indicators. The Autoregressive Distributed Lag (ARDL) method is used to analyse both long-term and short-term relationships between electricity production and several explanatory variables, including biomass e…

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