EVALUATION OF ENVIRONMENTAL ACCOUNTING AND ITS IMPACT ON SUSTAINABLE ECONOMY IN NIGERIA
Authors:
Adesina Olutayo Modupe
Abstract:
This study investigated the evaluation of environmental accounting and its impact on the sustainable economy in Nigeria. Specifically, this paper examined the effect of environmental accounting on the life of the citizen and also on sustainable development in Nigeria. This study was narrowed to the 3 selected manufacturing companies (Portland Paint and Product, Bevpak and Premier Feed Mills Nigeria ltd) located in Ibadan metropolis, Oyo State. The primary source of data was used and out of two hundred (150) questionnaires that were distributed, 136 were received and only 124 fully filled were used in data analysis with the use of simple percentage and Chi-Square statistical tool. The major result of the hypothesis tested showed that environmental accounting as a significant effect on sustainable development with (X2cal (16.65) > X2tab (16.65) at significant level 0.05) and also enhance the life of the citizen with (X2cal (16.65) > X2tab (16.65) at significant level 0.05). Findings from the analysis of the data indicated that environmental accounting has enhanced sustainable development by reducing the environmental impact while increasing the value of an enterprise, satisfying human needs, contributing to the quality of life, and resource intensity. To this end, it is recommended that there is need for government to impose a restriction on the release of a toxic substance into the environment and stipulating the requirement which industries and facilities generating waste must meet.