Foreign investment and CO2 discharge in Nigeria

Muhammad Bilyaminu Ado
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Muhammad Bilyaminu Ado: Yusuf Maitama Sule University, Kano, Nigeria

International Journal of Research and Innovation in Social Science, 2021, vol. 5, issue 7, 43-46

Abstract: This study examines the influence of foreign investment, economic performance, financial progress and energy use in Nigeria, by employing ARDL technique form 1980 to 2019. The cointegration test confirmed the long run linkage among the model’s variables. The short run estimate indicates that foreign investment, economic performance, financial progress and energy positively influence the level of CO2 discharge in Nigeria. The estimate form long-run analysis also reveals that foreign investment, GDP, financial progress and energy resources accelerate the capacity of CO2 explosion. Hence, the study suggests that government and policymakers should design policies on foreign investment with aim to decouple the level of CO2 discharge. This could be through the use of efficient energy and low emission technology.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:bcp:journl:v:5:y:2021:i:7:p:43-46

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