Energy savings in Nigeria. Is there a way of escape from energy inefficiency?. (January 2018)

• Record Type: Journal Article
• Authors: Adom, Philip Kofi; Adams, Samuel
• Is Part Of: Renewable & sustainable energy reviews. Volume 81:Part 2(2018)
• Page Start: 2421
• Page End: 2430
• Publication Date: 2018-01
• Subjects: E32 -- O52 -- Q41 -- Q43 -- Q48; Energy efficiency -- Markov-switching method -- Transition probabilities -- Nigeria; Renewable energy sources -- Periodicals; Power resources -- Periodicals; Énergies renouvelables -- Périodiques; Ressources énergétiques -- Périodiques; 333.794
• DOI: 10.1016/j.rser.2017.06.048
• Languages: English
• ISSNs: 1364-0321

Abstract

Abstract: This study estimates the transition probabilities for different energy-use states in Nigeria, using the Markov Switching Regression technique. According to the results, both energy-efficient and energy-inefficient states are less persistent, but comparatively, the energy-inefficient state is more persistent. Thus, in Nigeria, it is much difficult to escape from the energy-inefficient state than the energy-efficient state. Several reasons may explain this phenomenon, and they include: inefficient regulatory system; poor institutional structure; high corruption; proliferation of second-hand goods; undeveloped markets; high incidence of poverty, and inefficient pricing in the energy sector. Pricing policies should be combined with institutional improvement and infrastructural development if Nigeria wants to achieve a sustainable energy-efficient state, in the long-term.