Market Based Mechanisms: Panacea for Plastic Pollution Control in Bayelsa State

Onyinye I. Ochuba and Prof. Good Wilson
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Onyinye I. Ochuba: Department of Economics, University of Africa, Toru-Orua, Bayelsa State, Nigeria
Prof. Good Wilson: Department of Economics, Ignatius Ajuru University of Education, Rumuolumeni, Port Harcourt, Rivers State, Nigeria

International Journal of Research and Scientific Innovation, 2020, vol. 7, issue 2, 98-104

Abstract: The world generally has been bedevilled by pollution of all sorts ranging from water, air, soil, noise with the latest addition of plastic pollution. Plastic pollution is the aftermath of high usage and indiscriminate disposal of plastic waste. These wastes cannot be assimilated by the environment due to their non-degradable nature. This has resulted in both soil and water bodies being littered with plastics. This exploratory study seeks to find solution to the observed high rate of plastic usage and its indiscriminate disposal using market mechanism inform of Pigovian corrective tax. The study area is Yenagoa Bayelsa State and purposive sampling technique was deployed to elicit the view of plastic users, manufacturers as well as waste managers. Our findings revealed that these stakeholders in plastic industry are very reluctant to accepting corrective plastic tax as a way of reducing the menace of plastic pollution. Rather they are all open to a viable replacement for plastics.

Date: 2020
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