Work

Geopolitical Risk and Its Effect on Nigeria’s Energy Inflation

Year: 2025

Type: article

Abstract: This study investigates the effect of geopolitical risk on energy inflation in Nigeria from 2012 to 2023. Utilizing a time-varying causality methodology, we examine the influence of geopolitical events, as measured by the Salisu et al. (2023) index, on gas inflation and fuels for transport. The results indicate that geopolitical tensions substantially contribute to energy inflation, underscoring the necessity for proactive policies to alleviate the economic impacts of such risks.

Source: Energy RESEARCH LETTERS

DOI: 10.46557/001c.127521

Authors: Seyi Saint Akadiri, Godwin Olasehinde-Williams

Institutions: European University of Lefke, Azerbaijan State University of Economics, Istanbul Commerce University

Language: English

Topic: Market Dynamics and Volatility

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Peace, justice, and strong institutions, Affordable and clean energy

Open Access status: diamond

OpenAlex ID: W4409862710