International records / OpenAlex research

Financial Development and Renewable Energy Consumption in Nigeria

This study investigated the impact of financial development on renewable energy consumption in Nigeria over the period 1990 to 2025 using Domestic Credit to Private Sector, Broad Money Supply, Stock Market Capitalization and Bank Deposit as a proxy for financial development while renewable energy consumption serves as the dependent variable. Data were obtained from the Central Bank of Nigeria (CBN) Statistical Bulletin and World Bank World Development Indicators (WDI), 2025 and were analyzed using the Augmented Dickey-Fuller unit root test, and Autoregressive Distributive Lag (ARDL). The resul…