Hydroelectric production and energy consumption in Nigeria: Problems and solutions

This study investigates the link between hydroelectric production, energy consumption and sustainable development in Nigeria, analysing time-series data from 1981 to 2018. The Secondary data were culled from World Bank data. The variables used were; Real Gross Domestic Product as the dependent variable, with the independent variables being Alternative and Nuclear Energy, Electricity Production from Hydroelectric Sources, Electric Power Consumption, Gross Fixed Capital Formation, and Labour Force. The cointegration result revealed that the variables have a long-term relationship. The study found that increasing nuclear and alternative energy use by 1 % would result in a 2.74% increase in the actual gross domestic product over time. The study also found that hydroelectric power generation has a substantial negative long-term economic effect on Nigeria's actual gross domestic product. Increasing the use of hydroelectric sources in electricity production by a percentage point would result in a 1.33% increase in the gross domestic product over time. Furthermore, the long-run coefficient of electric power consumption significantly affected real gross domestic product, with coefficients, t-values, and probability values of 0.009175, 6.10, and 0.000, respectively.