The Nexus between Foreign Direct Investment, Open Commerce, ICT Taxation and Climate Change in a Developing Country
Authors
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Cordelia Onyinyechi Omodero
Department of Accounting, College of Management and Social Sciences Covenant University Ota, Ogun State, Nigeria.
https://orcid.org/0000-0002-8758-9756
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Francis Odianonsen Iyoha
Department of Accounting, College of Management and Social Sciences Covenant University Ota, Ogun State, Nigeria.
https://orcid.org/0000-0001-9435-9222
DOI:
https://doi.org/10.18488/29.v9i2.3103Abstract
The study explores the relationship between foreign direct investment (FDI), information and communication technology (ICT) taxes, open commerce, and CO2 pollutants in Nigeria from 2010 to 2020 using Pearson Product Moment Correlation (PPMC). CO2 emissions figures are collected in Million Tonnes from the World Data Atlas. Data on ICT taxes and FDI are gathered from the Federal Inland Revenue Service and the OECD database respectively. Trade openness data are obtained from the World Economic Indicators. The findings show that FDI has a very strong negative link with CO2 emissions in Nigeria. Similarly, there is a clear negative association between ICT taxes and FDI. However, there is a significant positive correlation between ICT taxes and CO2 emissions. Open trade has an intangible negative relationship with CO2 and an intangible positive relationship with FDI and ICT taxes. Based on the findings, the study provides recommendations to strengthen government policies in the respective areas of concern.
