Student or educator? Sign up with your school email and get 6 months of Pro free.
CoChat
Sign Up
Cited by 18Energy, Environment, Economic GrowthGlobal Energy Security and PolicyMarket Dynamics and Volatility

The DOI matches its Crossref record; 37 of the 37 references it cites were found in a registry or an index.

Energy Consumption and Foreign Direct Investment Inflows in Nigeria: An Empirical Perspective

Open access
Olaoye, Olusegun Peter, Aderemi, Timothy Ayomitunde, John, Nwagwu Chinedu, Jude-Okeke, Yvonne, Ezinwa, Azuh Dominic·2020·International Journal of Energy Economics and Policy
DOI 10.32479/ijeep.8489
Open this paper in CoChat — free account

Abstract

The aim of this study is to examine the relationship between energy consumption and foreign direct investment in Nigeria over the period of 1990 to 2017. Consequently, Data were collected from UNCTAD World Bank database, World Data Atlas and CBN Statistical Bulletin respectively. Cointegration, DOLS and Granger Causality approach were employed to address the objective of the study. The major findings in this study are summarized as follow. Energy consumption and FDI inflow have a significant negative relationship with each other. There is a significant positive relationship between energy consumption and oil exports. However, openness of the economy and energy consumption have a non-significant negative relationship. In the same vein, there is an existence of a unidirectional causality which runs from FDI to oil exports in Nigeria. There is one way causal relationship running from energy consumption to oil exports. FDI inflows Granger Causes energy consumption. Meanwhile, energy consumption Granger Causes openness of the economy. Due to the findings that emerged in this study, it is important that this study recommends the following to the policy makers in Nigeria since energy consumption does not drive FDI inflows the policy makers in the country should provide a conducive climate that will facilitate the accessibility of foreign investors to primary energy consumption in the country. Also, the country should improve the value addition to the production of primary energy so that its consumption could be competitive in the global market.Keywords: Energy; Consumption; FDI; Oil Exports and NigeriaJEL Classifications: F21, F23DOI: https://doi.org/10.32479/ijeep.8489

Overview

The claims and statistics of this paper haven’t been checked yet.

Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.

A few free checks a day · papers already verified open instantly · results are public

Integrity signals

Registry

Crossref · 10.32479/ijeep.8489

Cites

37 of 37 references verified0 citation errors · 0 not checkable

Statistics

Verification

Claims the paper makes

The claims and statistics of this paper haven’t been checked yet.

Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.

A few free checks a day · papers already verified open instantly · results are public

Self-check

Percentages, sums and reported differences re-computed from the paper’s own numbers.

The self-check needs the paper’s full text.

Citations

Cites

Show all 37 references

Research works printed but not linked: 2

  1. Nain, M.Z., Ahmad, W., Kamaiah, B. (2017), Energy consumption and India's economic growth. The Indian Economic Journal, 8(3), 46-62.
  2. Ogbanje, E.C., Okwu, O.J., Saror, S.F. (2010), An analysis of foreign direct investment in Nigeria: The fate of Nigeria's agricultural sector. PAT, 6(2), 15-25.

Cited by

See all 18

Related

See all

Metadata

Authors
Olaoye, O. P., Aderemi, T. A., John, N. C., Jude-Okeke, Y., & Ezinwa, A. D.
Affiliations
  • Covenant University (NG)
  • Olabisi Onabanjo University (NG)
ORCID
Venue
International Journal of Energy Economics and Policy
Publisher
EconJournals
Published
2020-01-21
Volume
10
Issue
2
Pages
491-496
ISSN
2146-4553 (ISSN-L)
DOI
10.32479/ijeep.8489
OpenAlex
W3001149275
Cited by
16
References
37
Citations by year
2026: 1 · 2025: 3 · 2024: 1 · 2023: 5 · 2022: 1 · 2021: 4 · 2020: 1
FWCI
2.34
Type
journal article
Language
en
Open access
Locations
  • International Journal of Energy Economics and Policy (publishedVersion)
  • International Journal of Energy Economics and Policy (publishedVersion, cc-by)
  • Covenant University Repository (Covenant University) (acceptedVersion)
  • RePEc: Research Papers in Economics (submittedVersion)
  • DOAJ (DOAJ: Directory of Open Access Journals) (submittedVersion)
Funders
  • Covenant University
  • Covenant University Centre for Research, Innovation and Discovery
Topics
  • Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Energy, Environment, Economic Growth
  • Physical Sciences › Energy › General Energy › Global Energy Security and Policy
  • Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Market Dynamics and Volatility
Keywords
energy consumption, foreign direct investment, FDI inflows, oil exports, economic openness, Nigeria

About these checks

Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.

Statistics and arithmetic are recomputed, not judged.

Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.

What counts as a claim ›How we measure confidence ›How we check this ›

Are you an author, or do you see a problem with this page? Request a review

How to cite

Cite CoChat for the checks on this page, and the paper for its own findings.

This page
CoChat. (2026). Citation check: Energy Consumption and Foreign Direct Investment Inflows in Nigeria: An Empirical Perspective. https://app.cochat.ai/papers/10.32479/ijeep.8489
The paper
Olaoye, O. P., Aderemi, T. A., John, N. C., Jude-Okeke, Y., & Ezinwa, A. D. (2020). Energy Consumption and Foreign Direct Investment Inflows in Nigeria: An Empirical Perspective. International Journal of Energy Economics and Policy. https://doi.org/10.32479/ijeep.8489

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.