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Optimal Structure of the Nigerian Energy Supply Mix

Abstract:
Nigeria, a member of the Organization of Petroleum Exporting Countries (OPEC), is blessed with relatively abundant energy resources like petroleum, gas, coal, solar, hydropower, etc. With an estimated population of 80 million, the country also has abundant human resources. In spite of her varied human and energy resources, the performance of the Nigerian economy has been closely linked with one resource, petroleum, a situation characteristic of most OPEC member countries.

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Energy Specializations: Energy Access – Sustainable Development and Distributed Energy; Energy Modeling – Other

JEL Codes:
Q01 - Sustainable Development
C59 - Econometric Modeling: Other

Keywords: Nigeria, OPEC, MESSAGE II model, Energy supply mix

DOI: 10.5547/ISSN0195-6574-EJ-Vol10-No2-11


Published in Volume 10, Number 2 of The Quarterly Journal of the IAEE's Energy Economics Education Foundation.