Conference Paper

GREEN TAXATION AND SUSTAINABLE DEVELOPMENT IN NIGERIA

Abstract Green taxation offers a promising avenue for incentives to promote sustainable practices across key sectors of the economy, including energy, transportation, industry, and natural resources. This study explored the concept of green taxation and its applicability to Nigeria, a country facing significant environmental and developmental challenges. The data spanned a period of ten years from 2010 - 2020 was obtained from the Organization for Economic Co-operation and Development Database and the World Bank Database. In order to examine the study’s model, an ordinary least squares (OLS) regression inquiry was run on a time series data and thereby adopted as the technique of analyzing the data. The study, in the end, established that sustainable development indicators when unemployment rate, basic sanitation services and particulate emission damage are used to proxy it, do indeed have a significant notwithstanding direct or inverse effect on Nigerian green taxation. It was suggested that careful policy design, including revenue recycling and targeted subsidies, can mitigate these challenges and enhance the positive effects of green taxation on sustainable development. Keywords: Green taxation, sustainable development, social indicator and environmental indicator.