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| Energy Sector: The Panacea for Business Development in Nigeria
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Dr. Nwabisi, Paul Nnaemeka, Dr. Anekwe Rita Ifeoma, Nwatu Ifeanyichukwu
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Abstract:
The study x rayed the effect of Energy Sector on Business Development in Nigeria but specifically seeks to determine the influence of gas supply on industrial production and to examine the extent to which the use of obsolete electricity generation equipment affect business development of south eastern zone with particular reference to SMEs. Data were sourced from various publications of Central Bank of Nigeria, National Bureau of Statistics, National MSME Survey report 2013 of SMEDAN. Ordinary Least Square (OLS) technique and questionnaire were used in the research. The study revealed that there is relationship between obsolete electricity generation equipment and business development. It was therefore, recommended that the Federal Government should provide adequate energy infrastructure for a reliable and efficient supply by granting more licences to qualified private investors, providing energy efficiency policies in the area of power
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