1Elizabeth Ayuba Kwajaffa, 2Tamatuwa Kadiri Angulu, 3Taiwo Adewale Muritala (Ph.D),
4Rahila Timothy Dantong(PhD) ,5 ATAYI Abraham Vincent(Ph.D)
1Operation Manager, China Harbour Engineering Company Nigeria Ltd,
2Department of Economics, Bingham University, Karu Nasarawa State, Nigeria.
3Department of Business Administration, Nile University of Nigeria,
4Department of Political Science, Plateau State University Bokkos. Nigeria
5Department of Economics, Plateau State University Bokkos. Nigeria.
DOI : https://doi.org/10.47191/ijmra/v7-i11-49Google Scholar Download Pdf
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.
KEYWORDS:Environment, Impact Assessment, Economic Growth, ARDL and Nigeria.
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Volume 07 Issue 11 November 2024
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