Electricity consumption in Nigeria hinders economic development, study finds.
The article explores how electricity consumption affects economic development in Nigeria from 1970 to 2013. By analyzing various factors like institutions, technology, emissions, and economic structure, the researchers found that higher electricity consumption is linked to lower economic development. They used a statistical method called cointegration analysis to show a long-term relationship between the two. Additionally, the study revealed that economic development influences electricity consumption, rather than the other way around.