IIARD International Institute of Academic Research and Development

IIARD International Journal of Economics and Business Management (IJEBM )

E-ISSN 2489-0065
P-ISSN 2695-186X
VOL. 9 NO. 4 2023
DOI: https://doi.org/10.56201/ijebm.v9.no4.2023.pg147.159

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Foreign Direct Investment, Energy Consumption and Greenhouse Gas Emissions in Nigeria

Oliseeloke olise, DrLeera Kpagih, Ogorchukwu Ahiakwo

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Abstract

This paper investigated the nature of the relationship that exists between foreign direct investment, energy consumption, and greenhouse gas emissions in Nigeria between 1990 and 2020. The investigation was done using the ARDL method of analysis. The bounds cointegration test found the existence of long run relationship among the variables. The long run estimation result showed that foreign direct investment in Nigeria has a negatively significant impact on greenhouse gas emission in the short run and long run. The result also shows that AGO consumption has a negatively insignificant impact on greenhouse gas emission in the short run and long run. While PMS consumption has a positively significant impact on greenhouse gas emission in the long run. The model goes on to propose the use of government policies that would promote FDI investment in Nigeria and a more business friendly environment

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References:

Akpodiogaga-a, P., &Odjugo, O. (2010).General Overview of Climate Change Impacts in
Nigeria.Journal of Human Ecology, 29(1), 47–55.
https://doi.org/10.1080/09709274.2010.11906248

Alshehry, A. S., &Belloumi, M. (2015). Energy consumption, carbon dioxide emissions, and
economic growth: The case of Saudi Arabia. Renewable and Sustainable Energy
Reviews, 41, 237–247. https://doi.org/10.1016/j.rser.2014.08.004

Arrow, K., Bolin, B., Costanza, R., Dasgupta, P., Folke, C., Holling, C. S., ... Pimentel, D.
(1995). Economic growth, carrying capacity, and the environment.Ecological Economics

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