NIGERIAN ECONOMIC GROWTH AND SUSTAINABILITY OF ENVIRONMENTAL RESOURCES (2010-2020)

ABSTRACT The aim of the study is to examine the relationship between Nigerian economic growth and sustainability of environmental resources, focusing on the impact of inflation and natural resource depletion on GDP per capita growth from (2010-2020). The study objectives are to analyze the trends of Nigeria’s GDP per capita growth, Inflation rate, and Natural resource depletion, assess the impact of inflation rate on GDP per capita growth and examine the relationship between natural resource depletion and GDP growth, Secondary data on GDP, Inflation rate and Natural resource depletion was obtained from World bank and united nation’s database. The outcome of the ADF unit root test shows that the variables(Inflation rate, Natural resource depletion was stationary, using regression analysis the study finds that 1% increase in inflation leads to a 0.49% decrease in GDP per capita growth, and 1% increase in natural resource depletion leads to a 0.79% increase in GDP per capita growth, but raises long-term sustainability concerns. Based on these results , this study recommends the following: Strengthening inflation management policies to stabilize inflation, promoting sustainable resource use, and diversifying the economy to reduce reliance on depleting natural resources, investing in environmental conservation initiatives to ensure long-term sustainability.