International records / OpenAlex research

Energy Investment and Industrial Growth in Nigeria

This study examined the impact of energy investment on industrial growth in Nigeria from 1990 to 2025. Total Energy Investment, Government Energy Infrastructure Supply, Renewable Energy Investment, and Private Sector Energy Investment were used as proxies for energy investment, while Manufacturing Value Added served as a measure of industrial growth. Data were sourced from the International Energy Agency (IEA) and the World Bank’s World Development Indicators (WDI, 2025) and analyzed using the Augmented Dickey-Fuller unit root test and the Autoregressive Distributed Lag (ARDL) approach. The bo…