Electricity Consumption and Human Capital Development in Nigeria: Exploring the Implications for Economic Growth

This study examined the multiplier effect of human capital development through the usage of electricity power for maximum productivity to enhance economic growth in Nigeria. The study engaged data sourced from the World Development Indicators for the period 1981-2016, and the fully modified ordinary least squares econometric method was engaged for the analysis. Results from the study showed that, human capital development is insignificantly related to the economic growth in Nigeria, while electricity consumption is significantly linked with economic growth. Therefore, the study recommended that there is a need for the government to develop human capital via the improvement of the educational and health facilities in the country as well as provide electricity in the rural and urban areas for maximum productivit

Electricity Consumption and Human Capital Development in Nigeria: Exploring the Implications for Economic Growth

This study examined the multiplier effect of human capital development through the usage of electricity power for maximum productivity to enhance economic growth in Nigeria. The study engaged data sourced from the World Development Indicators (WDI) for the period 1981-2016, and the Fully Modified Ordinary Least Squares (FMOLS) econometric method was engaged for the analysis. Results from the study showed that, human capital development is insignificantly related to the economic growth in Nigeria, while electricity consumption is significantly linked with economic growth. Therefore, the study recommended that there is a need for the government to develop human capital via the improvement of the educational and health facilities in the country as well as provide electricity in the rural and urban areas for maximum productivity. Keywords: Human Capital, Electricity Consumption, Economic Growth. JEL Classifications: F63, I15; I25; L94 https://doi.org/10.32479/ijeep.675

Electricity Consumption and Human Capital Development in Nigeria: Exploring the Implications for Economic Growth

This study examined the multiplier effect of human capital development through the usage of electricity power for maximum productivity to enhance economic growth in Nigeria. The study engaged data sourced from the World Development Indicators for the period 1981-2016, and the fully modified ordinary least squares econometric method was engaged for the analysis. Results from the study showed that, human capital development is insignificantly related to the economic growth in Nigeria, while electricity consumption is significantly linked with economic growth. Therefore, the study recommended that there is a need for the government to develop human capital via the improvement of the educational and health facilities in the country as well as provide electricity in the rural and urban areas for maximum productivity. Keywords: Human Capital, Electricity Consumption, Economic Growt

Agricultural Exports and Economic Growth in Nigeria: An Econometric Analysis

It has been observed that export promotion drive boosts economic growth of developing countries (Nigeria inclusive) through the multiplier effects that the income earned from exports has on the economy. Prior to the discovery of oil, agriculture has been the main contributor to the Nigerian external sector. It is in the light of this that this study sets out to examine the impact of agricultural export on Nigeria’s economic growth. This study used the Autoregressive Distribution Lag (ARDL) econometric technique to analyze the long run relationship and the impact of agricultural exports on Nigeria’s economic growth. Economic growth is the dependent variable, and is proxied by the real gross domestic product, the explanatory variables include: agricultural export, foreign direct investment, inflation rate and the labour force. The results from the ARDL technique revealed that agricultural exports significantly affect Nigeria’s economic growth; this suggests that, a 1percent increase in - agricultural export will boost economic growth in Nigeria by approximately 25percent.Therefore, from the results, the study recommended that agricultural export need to be promoted through the increase in agricultural production base