Paper Title
Enhancing Sustainable Development through Environmental Accounting: A Case of Nigeria (Empirical Review)
Author
Monday Richmond Efut
Section
Management and Financial Studies
Abstract

This paper examined the level of environmental accounting practice in Nigeria. The aim of it was to provide information on how environmental accounting could be used to enhance sustainable development in Nigeria. The exploration of natural resources in Nigeria has increased over the years and this has negatively affected the living standard of Nigerians greatly. This can be seen as the weather conditions are changing and the seasons in the country are gradually becoming abnormal. Experts have explained that it is as a result of the depletion of the ozone layer. This paper takes a look at the need for organizations to account for the effects of their organizational activities on the environment. Also, adequate recommendations were made to ensure a sustainable development in Nigeria through environmental accounting.

Keywords
Environmental accounting, sustainable development, Nigeria
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Background

The dire need for man to always desire to exploit and maximize the resources of his environment is overwhelming. This desire makes man to engage in various activities such as the production of goods and service, ensuring good and adequate accommodation, urban development, etc. Therefore, man’s recent activities within the environment have resulted in serious depletion and degradation of the environment. It is also a well-known fact that environmental problems have increased tremendously by means of technological development and application of same. The fact that there has been rapid development globally since the 1990s not only has led to environmental awareness to become wide spread but also has enabled nations of the world to act fast together for the matter of environmental protection. Of great importance is that the rising concern about environmental degradation, resources depletion and the sustainability of economic activity have made the development of natural resources and environmental accounting and reporting an area of great activity in both developed and developing countries of the world. This paper therefore x-rays the need for organizations to be accountable for the impact of their activities within the environment. This is very vital because accountability will help bring to consciousness the need to protect the environment for sustainable development.The main purpose of this paper, therefore, is to examine the literatures that deal with environmental accounting and sustainability development and how different authors have done researches in the same field.

 

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