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Assessment of energy efficiency investment in Onitsha business cluster, Nigeria

Stephen Kelechi Dimnwobi (Nnamdi Azikiwe University, Faculty of Social Sciences, Awka, Nigeria)
Ebele Stella Nwokoye (Nnamdi Azikiwe University, Faculty of Social Sciences, Awka, Nigeria)
Clement Izuchukwu Igbanugo (Department of Economics, University of Benin, Benin City, Nigeria)
Chukwunonso Sylvester Ekesiobi (Department of Economics, Faculty of Social Sciences, Chukwuemeka Odumegwu Ojukwu University, Igbariam, Nigeria)
Simplice A. Asongu (School of Economics, University of Johannesburg, Auckland Park, South Africa)

International Journal of Energy Sector Management

ISSN: 1750-6220

Article publication date: 6 January 2023

18

Abstract

Purpose

This paper empirically assesses energy efficiency (EE) adoption among firms by examining the factors that drive investment in EE in the Onitsha plastic cluster, South-East, Nigeria.

Design/methodology/approach

Self-administered questionnaires were delivered to the selected enterprises. A total of 450 questionnaires were administered of which 423 were certified valid and used for the analysis. A Heckit model was developed and estimated.

Findings

Gender, firm size, Joneses effect and expected cost reduction benefits are the significant determinants of EE investment. However, firm structure, government incentives, regulatory requirements and reduction of carbon emission are insignificant drivers of EE investment decisions in the Onitsha plastic cluster.

Originality/value

This paper presents a foremost attempt at analysing the determinants of energy investment in a cluster in Nigeria.

Keywords

Acknowledgements

The paper benefited from the critical inputs of the participants of the 11th International Conference of the Nigeria Association of Energy Economics held in Abuja from 22nd–24th April 2018, and Seminar organised by the Department of Economics, Nnamdi Azikiwe University Awka on the 26th June, 2019. The editors and reviewers of this journal are also commended for their detailed insights.

Citation

Dimnwobi, S.K., Nwokoye, E.S., Igbanugo, C.I., Ekesiobi, C.S. and Asongu, S.A. (2023), "Assessment of energy efficiency investment in Onitsha business cluster, Nigeria", International Journal of Energy Sector Management, Vol. ahead-of-print No. ahead-of-print. https://doi.org/10.1108/IJESM-11-2021-0012

Publisher

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Emerald Publishing Limited

Copyright © 2022, Emerald Publishing Limited

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