Browsing by Author "Elusakin, J. E."

Filter results by typing the first few letters
Now showing 1 - 2 of 2
  • Thumbnail Image
    Item
    Effect of energy utilization on economic growth in Nigeria
    (2012) Idowu, G. O.; Ajide, O. O; Oluwole, O. O.; Elusakin, J. E.; Alabi, A.
    Energy plays an important role in economic development, and being the mainstay of any economy , it plays a vital role in shaping and /or transforming the economic destiny of such a country. Different studies have attempted to test, for many countries, the causal relationship between energy and economic growth using both theoretical and empirical methods. This paper therefore analyses the relationship between energy consumption and economic growth in Nigeria. It is evident from the review that there is a causaulity running from energy consumption to economic growth. It also reveals that the positive relationship between electricty and economic growth has been justified by many authors and economists as being consistent. Based on this review, it could be concluded that the demand for energy leads to economic growth. Therefore, the energy policy regarding electricity consumption in Nigeria should be meticulously implemented in such a way that it will further boost its impact on economic growth in no small measures.
  • Thumbnail Image
    Item
    Energy audit of commercial buildings (a case study of global fleet oil ltd. and national mirror houses
    (2012) Elusakin, J. E.; Ajide, O. O.; Salau, T. A. O.; Idowu, O. G.
    "The dearth and cost of energy supply in Nigeria calls for planning and management through energy audit. The object of this paper is to carry out a comprehensive energy audit of the two commercial buildings commonly referred to as Energy House and Mirror House which are the head offices of the Global Fleet Oil & Gas Ltd. Company and National Mirror Newspaper respectively, using their 2011 energy consumption data. The power supplies to both offices are from the same generators which provide two third of the power supply to the building in 2011 but with different transformers of 1000 kV A each for the PHCN power supply. The facilities load were assessed by direct inspection and conversion were done where necessary. The capacities of the available three generators were 400, 640 & 1000 kW respectively (using 0.8 power factor) and the maximum load of the facility at any time in a day is 398 kW. This study has revealed the monumental financial waste on the un-utilized energy and facilities that could be replaced with energy saver equipment. Therefore, it is imperative that a holistic energy planning and regular assessment of energy requirements are considered as key components of building projects. "