International Journal of Academic Accounting, Finance & Management Research (IJAAFMR)
  Year: 2020 | Volume: 4 | Issue: 1 | Page No.: 6-11
Environmental Sustainability and Sustainable Development in Nigeria: Problems and Prospects.
Ndubuisi-Okolo Purity.U.(Ph.D), Anekwe Rita Ifeoma and Ekwochi Eucharia. A.(Ph.D)

Abstract:
Environmental sustainability which is an indispensable factor towards achieving sustainable development has been truncated and daunted by the activities of oil producing firms in Nigeria. Environment itself is the source of all the resources needed by an organization to accomplish its objectives. But its negligence has triggered environmental degradation caused by oil spills and host of other factors. In view of the foregoing, this paper concentrated on highlighting the challenges militating against environmental sustainability and sustainable in Nigeria and thus proffering key strategies for achieving environmental sustainability and sustainable development in Nigeria. Exploratory Research Design was adopted. Data were generated via secondary sources. The secondary sources of data include materials from the government ministries and agencies, library, journal publications etc. System theory was utilized to portray the need for interdependence between the environment and organizations geared towards achieving environmental sustainability. The findings revealed that Environmental degradation, corruption, poverty, youth restiveness, political instability, Boko Haram insurgencies are the major challenges confronting environmental sustainability and sustainable development in Nigeria. It was concluded that oil producing firms need to subject themselves to the fair requirements of the society through discharging their social responsibilities and also ensuring that the environment is adequately protected and sustained. This is because they raise huge capital from their operations and activities in the society. This conclusion is in sync with the system theory which this work is anchored upon that advocates the need for interdependence. We, therefore, recommended that environmental sustainability and sustainable development are only achievable when environmental issues become the key priority of all individuals, corporate organizations; government at all levels in particular and oil producing firms in Nigeria in general.