Energy Sector and Business Development of a Developing Economy: Evidence From Nigeria
Keywords:
Aniza Energy Sector, Least Square Techniques, Business DevelopmentAbstract
This paper focuses on energy sector and Business Growth of a developing economy with particular reference to Nigeria. Fundamental problem inherent here has resulted in the use of obsolete technological equipment, low installed capacity, poor power generation, depreciation of equipment, ineffective regulatory framework and water and gas constraints amongst others. These constraints impact greatly on energy generation and supply thereby affecting survival of business and their performance. The ordinary least square technique (OLS) was adopted in the methodology. The result reveals significant linkage between energy supply and business development. This study therefore advocates the use of improved equipment and improvement of Energy supply rate so as to foster economic and business growth. A negation of this paralyses the survival of business organizations.
How to cite this article: Akpan PI, Okoye UC, Nwabisi PN. Energy Sector and Business Development of a Developing Economy: Evidence From Nigeria. J Adv Res Busi Law Tech Mgmt 2019; 2(2): 3-10.
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