EFFECT OF ENERGY UTILIZATION AND FINANCIAL DEVELOPMENT ON ECONOMIC GROWTH IN NIGERIA

The necessity for rapid economic growth has not only been of great concern to global institutions and agencies but continued dominate discussions at major conferences the national international levels. There is an implicit assumption positive correlation between growth, as measured by increase in output, welfare citizens, with effect that governments seek understand real causes output aid formulation implementation policies promote their citizens. depth academic research this area knowledge a further indication its relevance humanity. This study builds on existing body subject estimating contributions financial energy sectors Nigerian economy 1981 2018. Using estimation method dynamic ordinary least squares (DOLS), reveals electricity consumption, inflation development predictors while oil price gross fixed capital are negative predictors. From above findings, we conclude robust influencers therefore suggest adequate attention be given these through supportive policies. In addition, see need assessment infrastructure needs sector order ensure critical performance identified addressed targeted investment.Keywords: Energy Financial development, Economic Endogenous theory.JEL Classifications: C22, G21, O47, Q43DOI: https://doi.org/10.32479/ijeep.10691