Green Accounting in Oil & Gas Firms in Nigeria; Its Prospects and Challenges

A Study of Selected Oil & Gas Companies in Nigeria

Abstract

This study examined the prospects and challenges of green accounting in Oil & Gas firms in Nigeria: Evidences from selected financial institutions in South East Nigeria. The study specifically examined if there is any growth in the economy as a result of practice of green accounting. The study also examined the prospects and challenges of green accounting practice in Nigeria economy. The study employed survey design method, a total population of 353 respondents participated. The findings indicate that there are some level of growth in the economy as a result of green accounting practice. The study concluded that there are huge prospects for green accounting practice in our economy, but there still remain challenges that need to be tackled. The study therefore recommended that Laws and principles guiding the green accounting needs to be updated and made more simply and easy.