ABSTRACT

This study shows the relationship between Energy and Industrialization in Nigeria; problem and prospects, over the period of (1981-2015). The study made use of data sourced from the central bank of Nigeria (CBN). The ordinary least squares (OLS) was used to examine the relationship between; industrial output, natural gas, coal, electricity. The explanatory power of the model was given by R2 of 90% approximately and was subjected to t-test and f-test to test the significance of the independent variables. The research revealed that crude petroleum and natural gas and electricity consumption were statistically significant and have a positive influence on industrial output, also manufacturing oil refinery was not significant but had a positive relationship with industrial; output. But solid mineral, coal, and mining was not statistically significant and had a negative influence on industrial output.