Longrun Relationship Between Energy Consumption And Economic Growth: Evidence From Nigeria.

This article investigates the long run relationship between energy consumption and the economic growth in Nigeria from the period of 1985 to 2010.However, the study make use of secondary data analysis of ordinary least square method of Multiple regression analysis and the objectives of the study is to examine whether energy consumption brings economic growth in Nigeria and also to examine the long run effect of energy consumption on growth in Nigeria.Moreover, the results revealed that Petroleum, Electricity are positively related to Nigeria economic growth while coal and Gas shows that there is a negative relationship with Nigerian economic growth.However, the study conclude that that increased energy consumption is a strong determinant of economic growth having an implicit effect in lagged periods and both an implicit and explicit effect on the present period in Nigeria.Thus, the study recommends that the energy sector should be given more relevance even by exploiting the opportunities laden in the sector to increase economic growth.