Effect of Climate Change, Damage to Environment and Human Development Index on Economic Growth in Nigeria

Effect of Climate Change, Damage to Environment and Human Development Index on Economic Growth in Nigeria

Author: 
Oberoi, Sarbjit Singh
Place: 
London
Publisher: 
Adonis & Abbey Publishers
Date published: 
2024
Record type: 
Responsibility: 
Banerjee, Sayan, jt. author
Journal Title: 
African Journal of Business and Economic Research
Source: 
African Journal of Business and Economic Research, Vol. 19, No. 2, 2024, pp. 91–107
Abstract: 

This study investigated the relationship between climatic change, damage to nature, human development and economic growth in Nigeria. The data were collected from secondary sources, mainly the Central Bank of Nigeria's Statistical Bulletin, Word Development Indicator, and the National Bureau of Statistics, Nigeria. The authors undertook data analysis to establish a relationship between these factors using multiple regression and the Cobb-Douglas test. The analysis proved that climate change has imposed many constraints that have hindered human development and consequently severely impacted Nigeria's environment and economic growth. The study recommended continual intervention of the governments, international development agencies, and non-governmental organisations (NGOs) in formulating policies and implementing sustainable practices that will minimise the negative consequences on human capital development and improve economic growth in Nigeria with negligible environmental damage.

Language: 
Country focus: 

CITATION: Oberoi, Sarbjit Singh. Effect of Climate Change, Damage to Environment and Human Development Index on Economic Growth in Nigeria . London : Adonis & Abbey Publishers , 2024. African Journal of Business and Economic Research, Vol. 19, No. 2, 2024, pp. 91–107 - Available at: https://library.au.int/freffect-climate-change-damage-environment-and-human-development-index-economic-growth-nigeria