GREEN GOLDMINE: ECO-ENTREPRENEURSHIP AND THE PURSUIT OF SUSTAINABLE PROSPERITY IN NIGERIA

26 August 2025, Version 1
This content is an early or alternative research output and has not been peer-reviewed by Cambridge University Press at the time of posting.

Abstract

Being faced with rising unemployment, environmental degradation, and economic instability, Nigeria is in a fix as to where innovation must meet with sustainability in order for her to thrive. This paper looks into the transformative potential of eco-entrepreneurship (a model that integrates environmental responsibility with business innovation) as a suitable means for job creation and climate sustainability in Nigeria. Borrowing a leaf from recent, local initiatives, the study takes into consideration how eco-conscious ventures (serving as green goldmines) in sectors such as renewable energy, sustainable agriculture and green technology are generating employment and mitigating the negative effects of climate change. This paper also identifies some challenges stalling the growth of green enterprises such as: limited access to funding, poor infrastructure, poor regulation, and low awareness. In response, it proposes supportive policies, capacity-building, useful investments and collaboration. Emphasis is placed on youth-led innovation and community-driven solutions as crucial milestones for sustainable development. This work opines conclusively that eco-entrepreneurship is not a mere environmental imperative but an economic opportunity - one that can redefine Nigeria’s state of development by marrying ecological responsibility with economic growth.

Keywords

Eco-entrepreneurship
Job creation
Youth innovation
Sustainable development
Nigeria

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