Examining Impact of Energy Shortage on Economic Development of Nigeria and South Africa: Comparative Analysis

Abstract

In comparing the energy shortages of Nigeria and South Africa, this paper examines the relationship between energy shortages and their impact on economic development. Energy shortages/crises have a substantial economic impact on the state, society, and industrial development. In addition, the paper notes that Nigeria and South Africa as leading role players in the African continent based on their economic ambition and developments. Therefore, energy shortages/crises negatively impact prospects for further economic development. The economic development of the African continent is filled with challenges and misfortunes dating back to the scramble/partitioning of Africa, currently servicing debts and poverty. Thus, the paper through qualitative method of research, employs journal articles, books and reports to critically examine the impact of energy shortage of the economic development of South Africa as well as Nigeria. The preliminary findings suggest that energy shortages have dire consequences on the development of these states. Hence, it concludes that the respective states ought to address the energy challenges to witness economic growth and retain their continental economic hegemon.