Does agriculture-led Environment Kuznets Curve Exist in the Emerging Economy of Nigeria?

Authors : Abimbola Makanjuola 1 AGBOLA, Ezekiel Onyebuchi ALAGBOSO, Clement Ikuba ALEGU

Pages : 275-290

Doi:10.47140/kusbder.1110510

View : 23 | Download : 9

Publication Date : 2022-12-31

Article Type : Research Paper

Abstract :The quest for environmental sustainability is crucial to every serious government, most especially the emerging economies where environmental degradation poses greater threat to the path of growth. Thus, this study set out to investigate the agriculture-led environmental Kuznets curve in Nigeria to ascertain its validity. Data is sourced from the world-bank data from 2081 to 2019 for the purpose of estimation. The econometric procedure begins with the stationarity test which indicates a mixed order of integration. This suggests the adoption of the ARDL approach as the best method of estimation for the model of the study. The result revealed a no evidence of agriculture-led environmental Kuznets curve in Nigeria. Further result indicates that FDI inflow into Nigeria is pure and does not cause any hurt to economic growth of Nigeria. Energy consumption is discovered to be the key promoter of carbon emission. Therefore, policy guide is provided for the policy makers for the need to expand the agriculture activities and to manage it more efficiently thereby generating higher output. Alternative energy sources such as renewable energy is recommended for the economy of Nigeria for purpose of averting pollution.
Keywords : Agriculture, FDI, carbon emission