Effect of Environmental Impact Assessment and Management on the Economic Growth of Developing Countries. Evidence from Nigeria. (1990-2023).
Journal Title: International Journal of Multidisciplinary Research and Analysis - Year 2024, Vol 7, Issue 11
Abstract
Environmental Impact Assessment (EIA) and its management have become pivotal tools in balancing developmental goals with sustainable environmental practices, particularly in developing countries like Nigeria. This study examines the effects of EIA and environmental management on the economic growth of Nigeria from 1990 to 2023. The study used Autoregressive Distributive Lag (ARDL) technique. The result shows that a long run relationship was observed among the variables, foreign direct investment, trade openness and exchange rate were positive and insignificant in enhancing gross domestic product. While employment rate negatively and insignificantly enhanced gross domestic product growth. The study recommends among other things that government should create enabling business environment by simplifying regulatory procedures, reducing bureaucracy, and enhancing transparency. Government should also diversify export as this will encourage non-oil exports through incentives and support. Develop a comprehensive employment policy and invest in human capital development and Flexible exchange rate regime.
Authors and Affiliations
Elizabeth Ayuba Kwajaffa, Tamatuwa Kadiri Angulu, Taiwo Adewale Muritala (Ph. D), Rahila Timothy Dantong(PhD) ,ATAYI Abraham Vincent(Ph. D)
Keywords
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- EP ID EP754137
- DOI 10.47191/ijmra/v7-i11-49
- Views 23
- Downloads 0
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