ABSTRACT
This research work attempts to examine the impact of sustainable environment and economic growth in Nigeria. The objectives to the study are to examine the impact of environmental resources on sustainable economic development in Nigeria with particular reference to Nigeria National Petroleum Corporation (NNPC) and to find out the extent to which the activities of oil exploitation have affected the Nigeria society, also to examine the various government acts, decrees, policies and regulations on environmental protection and their participating interest in the operations of the company in the event of a successful exploration effort.
The method of data analysis that will be adopted in this study is mainly regression analysis, which shows the relationship between environmental resources/community developments strategies include; industrial development, energy development and health care services delivery.
Lastly, the finding was that the main sources of revenue in the country have failed to provide required energy for the industrial growth and the health sector which has been in the bad condition. It should be noted that Nigeria is the sixth largest country in the world that produce oil but the level of development cannot be compared with any of the countries In the world’s oil revenue has succeeded in assisting many.
CHAPTER ONE
1.1 INTRODUCTION
Natural resources are an important material basis for a stable national economy and social development. They can be divided into two categories: the exhaustible, such as minerals, and the inexhaustible, such as forests and grasslands. With industrialization and urbanization, mankind’s great demand for natural resources and their large-scale exploitation and consumption has resulted in the weakening, deterioration and exhaustion of these resources. One difficult task faced by all countries is to guarantee the lasting utilization of natural resources at the lowest possible environmental cost while still assuring economic and social development.
The term sustainable development has become the buzzword of the 90s. It has been broadly adopted by national and international leaders, industry groups, academics, NGOs, the media, environmental consultants among others as the guiding principle of development. However, there is a huge gap when translating sustainable development from an abstract goal into how it can be implemented and realized in the complex arena of real-world problems and situations, especially in a developing country like Nigeria. Sustainable development involvesmeeting the needs of the present without compromising the ability of future generations to meet their needs. In short, sustainable development is a road map that guides us on our journey to become a meaningful part of the solution to environmental challenges we face.
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