International Journal of Academic and Applied Research (IJAAR)   Year: 2019 | Volume: 3 | Issue: 8 | Page No.: 60-65 Environmental Cost and Financial Performance: Analysis of Cement Companies in Nigeria Agboola Olugbenga Solomon, Oroge Caleb Ayodeji Abstract: The study of Environmental cost savings in relation to Financial Performance has attracted global scholarly interest with emphasis on the industrialized nations. This study therefore, evaluated the effect of Environmental cost savings on financial performance of cement companies in Nigeria. To achieve this objective, two cement companies constituting over 65 percent of cement production in the country were purposively selected for the study. Glenn sample size formula was adopted to administer the questionnaire on four hundred and forty eight respondents sampled from both companies, of these about 84 percent responded appropriately. Data was also sourced from annual financial reports and accounts of the two companies. Regression analysis was adopted with the aid of Statistical Package for Social Sciences (SPSS) so as to determine the correlation between the two variables. The study found that Environmental Cost Savings was significantly related to Financial Performance of the quoted cement companies. The study concluded that Environmental cost Savings positively impacted on the business value of the companies and therefore recommends that continues investment in Environmental Cost Savings will yield a strong relationship to financial performance of the companies and should be considered as significant stimulant of financial performance.