Financing Effects of Global Economic Crisis on Energy Investments in Nigeria: A Comparative Analysis of Pre-Crisis and Crisis Era

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dc.contributor.authorAdeoye, B.W
dc.contributor.authorAtanda, A.A
dc.date.accessioned2019-03-12T08:38:17Z
dc.date.available2019-03-12T08:38:17Z
dc.date.issued2014
dc.descriptionJournal Articlesen_US
dc.description.abstractThe energy sector is recognised as one of the most crucial real sectors in any economy, considering the dependent nature of other sectors' development on its growth. The emergence of the global financial crisis that engulfed most African nations is one of the greatest threats to energy development in terms of investment and financing options despite the "resource curse" confronting most of the resource-endowed economies like Nigeria. This has motivated this study to examine the impact of the global financial crisis on energy investment and financing in Nigeria between the pre-crisis era (2000-2005) and the crisis era (2006-20/0). The descriptive and graphical analysis employed revealed that between the pre-crisis (2000-2005) and during crisis era (2006-20/0) total energy investment by both private and public sectors declined by 75.2% andthis negatively affected most energy development indicators such as the hydro power generation capacity from Kainji, Jebba and Shiroro; total electricity production per capita; total electric power consumption per capita; and net oil proceeds to national output in Nigeria. Following these findings, the study recommends that joint partnership agreement between the private (both foreign and local institutional investors) and public sectors should be implemented to undertake most of the abandoned energy projects due to lack ofjinance, via a "Build, Operate, and Control (BOC) " system in order to revamp the energy sector development by 2020.en_US
dc.description.sponsorshipTertiary education Trust Funden_US
dc.identifier.citationAdeoye, B.W and Atanda, A.A (2014). Financing Effects of Global Economic Crisis on Energy Investments in Nigeria: A Comparative Analysis of Pre-Crisis and Crisis Era. Unilag Journal of Humanities, vol.2(1), 90-112p.en_US
dc.identifier.issn2408-5030
dc.identifier.urihttps://ir.unilag.edu.ng/handle/123456789/3940
dc.language.isoenen_US
dc.publisherUniversity of Lagos Press, Akokaen_US
dc.relation.ispartofseriesUniversity of lagos Journal;Vol.2(1)
dc.subjectInvestmenten_US
dc.subjectEnergy Developmenten_US
dc.subjectGlobal Financial Crisisen_US
dc.subjectResearch Subject Categories::SOCIAL SCIENCES::Other social sciences::Public sector researchen_US
dc.titleFinancing Effects of Global Economic Crisis on Energy Investments in Nigeria: A Comparative Analysis of Pre-Crisis and Crisis Eraen_US
dc.typeArticleen_US
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Volume 2, Issue 1 , 2014