There are issues with oil spills, industrial pollution, deforestation, desertification and the usual environmental issues associated with the rapid growth of urban areas.
What are the environmental impacts of economic development?
The environmental impact of economic growth includes the increased consumption of non-renewable resources, higher levels of pollution, global warming and the potential loss of environmental habitats. However, not all forms of economic growth cause damage to the environment.
What are the effects of economic development in Nigeria?
With over 50% of the population living in poverty, specific challenges need to be met. These include: tackling government corruption to ensure wealth reaches everyone. addressing environmental issues that have resulted from rapid economic development, such as soil erosion, water pollution, desertification and oil …
What is the impact of the environment on the economy and economics?
Natural resources are essential inputs for production in many sectors, while production and consumption also lead to pollution and other pressures on the environment. Poor environmental quality in turn affects economic growth and wellbeing by lowering the quantity and quality of resources or due to health impacts, etc.
What have been the environmental impacts of urban growth in Nigeria?
In Nigeria, urbanization process has created severe negative environmental impacts, such as pollution, deforestation and wetland destruction, erosion and flooding, urban sprawl, slum and squatter settlement, heat island and aesthetic degradation, which have had dire consequences on both human and other living organisms …
What are the positive impacts of development?
Higher economic growth leads to higher tax revenues and this enables the government can spend more on public services, such as health care and education e.t.c. This can enable higher living standards, such as increased life expectancy, higher rates of literacy and a greater understanding of civic and political issues.
What are the impacts of economic growth?
Main Benefits of Economic Growth
Employment effects – sustained growth stimulates jobs and contributes to lower unemployment rates which is turn helps to reduce income inequality.
What are the environmental problems in Nigeria?
Urbanization, deforestation, desertification, over population and all kinds of pollution are some of the resultant effects of man’s interaction with his environment. These changes occur as the people attempt to acquire their seemingly endless desire for food, shelter, recreation and infrastructural facilities.
Why is Nigeria an important country?
What is the regional importance of Nigeria? Nigeria has the fastest growing economy in Africa and the highest GNP on the continent. Nigeria has the largest population on the continent and the third-largest manufacturing sector. The country also has the largest agricultural output and the highest number of cattle.
What are the two serious effects of economic development?
Economic development brought in its wake higher standards of living, better food, adequate clothing and shelter, as also protection from the natural disasters of drought and famine. There also occurred improvement in medical facilities and health care.
How is the economy affected by pollution?
Indian cities have scored unfavorably in air pollution indexes for years and the issue costs the country $150 billion per year on average. In 2018, the cost of dirty air equated to 6.6 percent of Chinese GDP, 5.4 percent of India’s GDP and 3 percent of U.S. GDP. The economic burden of air pollution.
What are social economic and environmental impacts?
The areas of economic, social and environmental impact each consist of detailed layers. … Like economic prosperity, public budgets and services, consumption, health and longevity, education, climate and energy and natural environment.
Why is sustainable development important for economic growth?
Sustainable development is important for economic growth because: (i) Environment must be conserved while development is taking place. (ii) Resources must be used in such a way that something is conserved for future generations. (iii) The standard of living of all people must be raised.
What are the main problems of urban areas in Nigeria?
With a population of about 188 million and a HDI of 152 in 188 ranked countries, urban centres in Nigeria are plagued with poor security, epileptic power and water supply, poor sanitation, health challenges, high cost of construction amongst other challenges (NPC, 2017).
What is the environmental context of Nigeria?
Nigeria spans several climatic regions. To the south, it experiences a tropical climate, whereas toward the north it is much drier. Rainforest thrives in the equatorial climate in southern Nigeria. Tree crops in this area include cocoa, palm oil and rubber.
Why is Nigeria developing rapidly?
The fastest-growing sector in Nigeria is manufacturing. A combination of the cheap and plentiful labour force along with its huge market, both within and beyond the country has led to rapid economic growth.