Winning the Environmental Sustainability Crusade: Do Agricultural Development and Public Debt Mitigate Environmental Pollution in Nigeria?

Uju Ezenekwe (), Eze A. Eze, Geraldine Ejiaka Nzeribe and Maria Chinecherem Uzonwanne
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Eze A. Eze: Department of Economics, Nnamdi Azikiwe University, Awka, Nigeria
Geraldine Ejiaka Nzeribe: Department of Economics, Nnamdi Azikiwe University, Awka, Nigeria
Maria Chinecherem Uzonwanne: Department of Economics, Nnamdi Azikiwe University, Awka, Nigeria

International Journal of Research and Innovation in Social Science, 2023, vol. 7, issue 9, 1481-1497

Abstract: Although the literature has largely concentrated on a variety of factors that contribute to environmental pollution in Nigeria. It fails to recognize the influence of debt and agricultural development on the environment. Additionally, prior studies have employed CO2 emission to capture environmental degradation in their analyses. This study’s purpose address the aforementioned gaps by analyzing the implications of public debt, and agricultural development on environmental degradation in Nigeria utilizing ecological footprint (a broad measure of pollution). The dynamic ordinary least squares (DOLS) method was used in this study to assess the influence of public debt and agricultural development on environmental pollution in Nigeria. The authors utilized time series data between 1981 and 2021. The results showed that population, agricultural development, public debt (domestic and external debt) and financial development reduce environmental pollution in Nigeria thereby promoting environmental sustainability while trade openness and energy consumption escalate environmental pollution though the effect of the latter was insignificant. The study made some policy suggestions to rejig the nation’s environment

Date: 2023
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