Open AccessThe Impact of Environmental Energy Taxes on Nigeria’s Insecurity Situation
Author(s) -
Cordelia Onyinyechi Omodero,
Stella Ogechukwu Okezie
Publication year - 2022
Publication title -
international journal of safety and security engineering
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.202
H-Index - 10
eISSN - 2041-904X
pISSN - 2041-9031
DOI - 10.18280/ijsse.120108
Subject(s) - language change , government (linguistics) , order (exchange) , business , economic freedom , profit (economics) , economic growth , development economics , economics , public economics , finance , market economy , art , linguistics , philosophy , literature , microeconomics
It is critical to enhance environmental energy taxes in order to offer a more secure business climate in Nigeria. Insecurity in Nigeria is severe, and it has become a component of the country's environmental problem to deal with. This research investigates the influence of environmental energy tariffs on Nigeria's insecurity condition. The research approach is cross-sectional, and secondary data from 2010 to 2020 were used in this study. According to the multiple regression results, all factors have a substantial beneficial influence on the country's insecurity management. The petroleum profit tax, gas exploration tax, and level of freedom from corruption, all have a good and substantial impact on security management. The study indicates that the government has significantly utilized environmental energy taxes to combat insecurity. However, if the country will be totally free from corruption, insecurity will be minimized. Therefore, the study urges immediate participation of international community in the Nigeria’s insecurity concerns. This move has become extremely essential to salvage the country from all ecologically connected difficulties and to guarantee peace and safety for all inhabitants. Concerning corruption, it is high time for the government to begin looking for the sponsors of insurgency and abduction in order to punish them more severely.