Climate Change and Sustainable Green Growth in Nigeria: Challenges and Opportunities

A.O. Onoja, A.I. Achike and A.A. Enete

Nigerian Agricultural Policy Research Journal (NAPReJ), 2018, vol. 04, issue 01

Abstract: There is an increasing awareness that climate change is a threat to agricultural and socioeconomic development, but agricultural production activities are generally more vulnerable to risks of climate change than other sectors. However, what have not been emphasized are the opportunities that are emerging with climate change. This review was therefore undertaken to x-ray the magnitude and trend of these threats and opportunities presented for investment and livelihood development for a green growth in Nigeria and Africa. It also analyzed the challenges compounding the impact of climate change on agriculture in Nigeria. It was observed that there are ample challenges than opportunities associated with climate change in Nigeria, however, the opportunities presented, if well harnessed could fast track the green growth tempo in Nigeria while boosting job opportunities and inflow of both foreign and local investment. Therefore, it was recommended that financial institutions in Nigeria should begin to set up initiatives for leveraging into the climate finance and carbon trading; government should forge public private partnerships that will promote green investments and create more jobs for the youths and more profits for the farmers.

Keywords: Environmental Economics and Policy; Resource/Energy Economics and Policy (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:ags:naprej:314124

DOI: 10.22004/ag.econ.314124

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