Journal of Research in Peace, Gender and Development (ISSN: 2251-0036) Vol. 3(4) pp. 54-57, June, 2013 Available online@ http://www.interesjournals.org/JRPGD Copyright ©2013 International Research Journals Review Global warming and its implication on the economy: the Nigerian perspective Promise E. Kigho M. Sc. Student, Department of Sociology and Anthropology, Nnamdi Azikiwe University, Awka E-mail: sociologistmudy@hotmail.co.uk; Tel: +2348037761257 Abstract The impact of global warming are almost felt in all facets of the economy. Scientists and economists are beginning to grapple with the serious economic and environmental consequences of global warming quickly and deeply. The costs of global warming are so tremendous that the estimates of the costs vary from country to country but most figures put out are in the trillions. This paper therefore sought to examine the impact of global warming on the Nigerian economy. The data used for this study was primary coming from the field work of questionnaires in six zones of the federation. A statistical method for a test of the collected data, outcomes of questionnaires has been used through the present study. The results of the study revealed that global warming has significant impact on the Nigerian economy. Keywords: Global warming, climate change, green, economy INTRODUCTION The impact of global warming is almost felt in all facets of the economy. Scientists and economists are beginning to grapple with the serious economic and environmental consequences of global warming quickly and deeply. The costs of global warming are so tremendous that the estimates of the costs vary from country to country but most figures put out are in the trillions. Nigeria particularly is vulnerable to global warming and this vulnerability has been demonstrated by the devastating effects of recent flooding in the Niger Delta region of the country and the various prolonged droughts that are currently experienced in some parts of Northern region. Thus, for many countries that are highly vulnerable to effects of global warming, understanding the effect is crucial, as it will help in designing appropriate coping strategy (Dinar et al, 2006). According to Adams et al.(1998), global warming is, quite literally, when temperatures of the world's atmosphere rises. Between the periods 1956-2005, the average earth's temperature rose and 13°C per decade. This might not seem like much, but it was double the rate for the 100 years from 1906 to 2005. Temperatures in colder areas, like the Arctic, rose twice as fast as the average. The increase of temperatures on the land doesn't tell the full story. That's because the ocean absorbed 80% of the heat. This has led to the ice caps melting at a rate of 2.7% per decade since 1978. It also caused sea level to rise at an average rate of 3.11mm per year between the periods 1993-2003, nearly double the rate between the periods 1961-2003. (IPCC Climate Change 2007). Akinyosoye (2006) opined that a large number of scientific and government organizations have agreed that global warming is caused by a man-made increase in greenhouse gases, which include carbon dioxide, hydrofluorocarbons (HFCs) and perfluorocarbons (PFCs). These gases sit in the earth's atmosphere, absorbing the sun's radiation. Current levels are at 370 parts per million volumes (ppmv), up from 280 ppmv 100 years ago. It is one major worldwide change that most people do not take into account in the economy. Smith (2010) stressed that some people benefit financially from global warming while other people suffer from the adverse effect of global warming. Some companies that benefit financially are those that are in the higher lands that will not become flooded, those that can easily adapt to the needs of the Earth and of Earth's population, and people whose job it is to study the environment."Green" companies are already reaping financial benefits from global warming, as people are trying to buy products that do not hurt the environment when they are made. Kigho 55 On the contrary, Ayinde et al. (2010) emphasized that many businesses and types of jobs become obsolete and quickly go bankrupt. Those who go bankrupt due to global warming will crumble because they were in the wrong area, could not adapt quickly enough to the changing needs of the world or their job is not possible anymore. This paper assesses the impact of global warming on the economy. The paper is divided into four (4) parts: Literature Review, Methodology, Data Analysis and Conclusion/Recommendations. Literature review Climate change refers to a change in climate that is attributable directly or indirectly to human activities, that alters the atmospheric composition of the earth which leads to global warming. Climate change has the potential of affecting all natural and human systems and may be a threat to human development and survival socially, politically and economically (Deressa and Hassan, 2010). Nigeria has a variety of ecosystems, from mangroves and rainforests on the Atlantic coast in the south to the savannah in the north. Whether dry or wet, the ecosystems are being battered by global warming while excessive flooding during the past and occurring now in some part of the South-South (Bayelsa and River State), East (Anambra State) and North (Adamawa, Yobe) has hurt farming in coastal communities and rendered people homeless. But it has been discovered that the real problem is climate change. According to Deressa et al. (2008), rainfall in the Sahel declined steadily since the 1960’s. The result has been the loss of farmlands and conflicts between farmers and herdsmen over ever decreasing land. Many different communities, including fishermen, farmers and herdsmen, are now confronted with difficulties arising from climatic changes. Nigeria is one of the countries expected to be most affected by the impacts of climate change through sea level rise along her coast line, intensified desertification, erosion and flooding disasters and general land degradation. According to a report in Guardian Newspaper, Nigeria lose close to $9 billion as a result of the catastrophe while, at least, 80per cent of the inhabitants of the Niger Delta will be displaced due to the low level of the oil-rich region (Hassan and Nhemachena, 2008). As Nigeria’s economy improves, its per capita greenhouse gas emissions may approach those of the developed nations of the world. This combined with continued gas flaring and a large population will further worsen Nigeria’s standing as a key emitter of greenhouse gases globally (Nkomo, Nyong and Kulindwa, 2006). According to Niggol and Mendelsohn, (2008) human activities, primarily the burning of fossil fuels for transportation and energy production, are increasing the concentrations of greenhouse gases (GHGs) in the atmosphere trapping heat and causing global warming, climate change and sea level rise. Climate change is indeed a global problem. Therefore, there is the need for serious attention from the government and individuals to play its role in order to protect the darling earth. Nigeria has a population of about 140 million impacting on the physical environment through various activities within the area of 923,000 square kilometres. This couple with variability in elements of climate such as rainfall and temperature exposes the country to the impact of climate change. Nigeria’s vulnerability will be in two manners; first, the resulting impacts of climate change and second, the impact of response measures. This is because Nigeria’s economy is highly dependent on income generated from the production, processing, export and consumption of fossil fuels and associated energyintensive products (Central Bank of Nigeria 2006). Despite this huge implication of climate change response measures for Nigeria’s economy, it is appalling that there is no visible demonstration of the preparedness of the government to tackle this issue. The greatest cause for concern is that the blueprint for Nigeria’s development Vision 2010 fails to give a mere acknowledgement of the importance of climate change to Nigeria’s economy, let alone stipulate the development strategy with which to tackle it (Medugu, 2009). The economic and social implication of climate change in the country is multidimensional. Most economic activities that form the backbone of the nation’s economy are located within the coastal zone. Environmentally, Nigeria’s climatic regime stands to be severely disrupted leaving its forests and water resources at risk (Naylor, et al.2007). The climate changes have had adverse implications for water resources for power generation, agriculture and the economy as a whole.The above analysis clearly suggest that it will not only be economically beneficial for Nigeria to craft a climate change-response development strategy, but that factoring climate change abatement into the overall economic development plan is also crucial for its own self-preservation. Besides, the headroom allowed developing countries such as Nigeria to increase their greenhouse gas emission but only temporary. Nigeria, will inevitably be subjected to the International climate change abatement measures and beginning now to put adequate climate change abatement institutions and regulatory framework in place will obviously be to its benefits (Apata, Samuel and Adeola, 2009. In Nigeria today, some state governments in collaboration with the Federal government have begun taking steps to mitigate the effects of global warming in Nigeria. The government therefore need to largely educate Nigerians on how best to safeguard their lives and properties in the light of global warming in Nigeria. METHODOLOGY Nigeria has a population of about 140 million and an area 56 J. Res. Peace Gend. Dev. Table 1. Contingency Table 2 ZONES O E Ʃ(O – E) (O – E)2/N Z1 158 100 3,364 3.54 Z2 159 100 3,481 3.66 Z3 158 100 3,364 3.54 Z4 158 100 3,364 3.54 Z5 159 100 3,481 3.66 Z6 158 100 3,364 3.54 TOTAL 950 47.3949 2 X 21.48 Source: Field work, 2012 of 923,000square kilometres. It has a variety of ecosystems; from mangroves and rainforests on the Atlantic coast in the south to the savannah in the north. Whether dry or wet, these ecosystems are being battered by global warming. While excessive flooding during the past decade has impaired economic activities especially in the coastal communities, desertification is ravaging the Savannah Sahel. Traditionally, desertification in the Sahel has been blamed on overgrazing practices of the local population. But it has been discovered that the real problem is climate change. The inhabitants livelihoods are being harmed, and people who are already poor are becoming even more impoverished and people who lack good habitats have none. Primary data was used for this study and the primary data consisted of 1,200 respondents’ (200 respondents from each zone) but only 950 responses were useful. This study analysed the determinants of global warming on Nigeria using a multinomial choice model in all the six zones in Nigeria. Data analysis Out of the 1,200 questionnaires that were administered to respondents, 950 questionnaires were fully completed and this constitutes the basis for our analysis in the study: table 1 above Where: O E N Z DF = = = = = Observed Value Expected Value Number of observations Zones Degree of Freedom 2 Test Statistic: X = significance: Z = 6 Df = 5 2 (O – E) /N at 0.05 level of Since the calculated chi-square value is greater than the tabulated value, we reject Ho and accept Hi. From the result of the above analysis, global warming has significant impact on the Nigerian economy. CONCLUSION/RECOMMENDATIONS The impact of global warming is almost felt in all facets of the economy. The study therefore concluded that global warming has significant impact on the Nigerian economy. Arising from the analysis associated with global warming in Nigeria, the following recommendations are made, thus: There should be used of high performance technology equipments that have an environmental green technology and renewable energy source. There should be public awareness of the global warming problem and its solutions. The government through its agencies should reduce reuse and recycle wage by choosing reusable products instead of disposables. Buying products with minimal packaging (including the economy size when that makes sense for you) will help to reduce waste. The use of less heat and air conditioning should be encouraged. Adding insulation to your walls and attic, and installing weather stripping or caulking around doors and windows can lower your heating costs more than 25 percent, by reducing the amount of energy you need to heat and cool your home. Turn down the heat while you're sleeping at night or away during the day, and keep temperatures moderate at all times. Setting your thermostat just 2 degrees lower in winter and higher in summer could save about 2,000 pounds of carbon dioxide each year. Drive Less and Drive Smart: Less driving means fewer emissions. Besides saving gasoline, walking and biking are great forms of exercise. Explore your community mass transit system, and check out options for carpooling to work or school. When you do drive, Kigho 57 make sure your car is running efficiently. For example, keeping your tires properly inflated can improve your gas mileage by more than 3 percent. Every gallon of gas you save not only helps budget, it also keeps 20 pounds of carbon dioxide out of the atmosphere. There should be need to encourage buying energyefficient products. When it's time to buy a new car, choose one that offers good gas mileage. Home appliances now come in a range of energy-efficient models, and compact florescent bulbs are designed to provide more natural-looking light while using far less energy than standard light bulbs. Avoid products that come with excess packaging, especially moulded plastic and other packaging that can't be recycled. If you reduce your household garbage by 10 percent, you can save 1,200 pounds of carbon dioxide annually. The government should encourage planting of trees. If you have the means to plant a tree, start digging. During photosynthesis, trees and other plants absorb carbon dioxide and give off oxygen. They are an integral part of the natural atmospheric exchange cycle here on Earth, but there are too few of them to fully counter the increases in carbon dioxide caused by automobile traffic, manufacturing and other human activities. A single tree will absorb approximately one ton of carbon dioxide during its lifetime. The government should encourage others to conserve. 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