The Differential Effects of Tax and Oil and Gas Revenues on Environmental Sustainability in Nigeria

The intensification of oil and gas production activities occasioned by the drive for more revenue to meet growing expectations of the populace for socio-economic development has entrenched the reliance on oil and gas revenue by the government of Nigeria and with consequential negative implication for environmental sustainability. Using archival data this paper examines the nexus between the demand for tax revenue, oil and gas revenue and environmental sustainability in Nigeria and shows evidence that the goals of environmental sustainability can best be more likely attained in Nigeria through the government shifting from oil and gas revenue to tax revenue as the main source of finance for meeting the socio-economic goals