ABSTRACT:- This work examined the impact of energy pricing on economic growth in Nigeria. The study obtained data on economic growth (GDP growth rate) and energy prices (hydro energy price, crude oil price, natural gas price, electricity tariffs, and electricity consumption) in Nigeria from the World Bank database and the International Energy Agency. The data was analysed utilising descriptive statistics and the ARDL methodology to achieve the study’s objectives. The findings indicated that the cost of hydroelectricity was not conducive to economic progress. The long-term stimuli of crude oil prices on economic progress is minimal, but in the near term, it has a favourable and considerable influence. The short-term economic growth was substantially spurred by the price of natural gas. Electricity rates had a stimulative effect on long-term economic development, while showing little impact on short-term economic growth. Long-term analysis revealed that power consumption was not favourably correlated with economic development in Nigeria. However, in the short term, there was a favourable nexus between electricity consumption and economic growth throughout the research period. As a result of this conclusion, the following suggestions were put forward: promote domestic investment in crude oil production and refining to boost government revenue, improve competitive pricing for electricity in the nation, and fully deregulate the energy and power sectors to enhance efficiency and economic growth in Nigeria.

Keywords: Energy Pricing, economic growth, hydro energy price, crude oil price, natural gas price, electricity tariffs and electricity consumption.