The International Journal of Applied Economics and Finance1991-08862077-2149Asian Network for Scientific Information10.3923/ijaef.2012.148.156ZannawaziriBukar KyariAdam Konto MasudAbdulsalam 4201264Since after the Arab oil embargo of 1973, net oil importing countries developed the agenda for substituting fossil fuel and to date, renewable energy has become a major power source for most countries. This motivated for a study which analysed the possible impact of global renewable energy consumption on the Nigerian economy (Net Oil and Gas Export) over the period 1980-2008. The empirical results were obtained by analysing the data using the statistical time trend analyses (descriptive) in explaining the problem under investigation. The findings revealed that renewable consumption by Nigerias major oil and gas importers causes significant negative impact on its economy in terms of reduced crude oil and gas export. The result suggests that Nigeria as a mono-cultural economy should uncover alternative corridors other than oil and gas export to provide revenue in order to accelerate Nigerias economic growth and development.]]>Abdeshahian, P., M.G. Dashti, M.S. Kalil and W.M.W. Yusoff,20109274282Anyiwe, M.A. and A., Oziegbe,20066257265Belkin, P.,20082008Eneh, O.C.,20111126802685Eneh, O.C.,201116369Eneh, O.C.,20111120Eneh, O.C. and V.C. Agbazue,20114490497Energy Information Administration,20112011Energy Information Administration,20112011Energy Information Administration,20102010Energy Information Administration,20102010Energy Information Administration,20082008EREC,20042004Gomaa, M., A.J. Alimin and K.A. Kamarudin,2011x, soot and EGR rates for an IDI Diesel engine fuelled with JB5.]]>1119871993Harte, G., L. Lewis and D. Owen,19912227253Ibeto, C.N., A.U. Ofoefule and K.E. Agbo,20116410425IEA,2009Joy, A.,20092009Kannan, T.K. and R. Marappan,20111129612967Klass, D.L.,200331353367Lin, Y.F., Y.P.G. Wua and C.T. Changb,20078617721780Leverett, F. and P. Noel,20062006Mabro, R.,2006Pages: 351Pages: 351Marpaung, C.,2010Mousdale, D.M.,2008NPC,20102010NNPC,20052005NNPC,20062006NNPC,20072007NNPC,20082008NNPC,20092009Ng, J.H., H.K. Ng and S. Gan,200912213238Nwokeji, G.U.,20072007OPEC,20092009Parker, L. and J. Blodgett,20082008Rojagopal, D. and D. Zilberman,20072007Sambo, A.S.,20052005Umbach, F.,20103812291240Vijayaraghavan, K., R. Karthik and S.P.K. Nalini,20105119Yergin, D.,2008Yergin, D.,2006856982Eneh, O.C.,20111120842091Eneh, O.C.,20114250263US Energy Information Administration,20112011Golding, E.W.,19551st Edn.,