Green Economy (GE) is among the sustainability trends meant to tackle challenges in the present norm. As such, for developing countries in Sub-Saharan Africa (SSA) to indulge and transform their economic activities in line with GE standards, there is a need for a workable and pragmatic framework for GE that the stakeholders agree and accept. Hence, this research identified and examined GE-related issues and developed a conceptual framework for a green economy to examine the GE related factors and stages in transitioning to GE in Nigeria. The framework identified and incorporated four stages: the formation, implementation, results and post GE stages by examining the factors at every stage. An exploratory desk study was adopted to analyze the secondary data to examine the linkages in factors that promote/accelerate or hinder/impede GE concepts. The research highlighted the framework’s feasible application and adaptability in Nigeria.
Sustainable Development (SD) is a concept of socially inclusive approach, resource-efficient, with low-carbon measures bolstered by public and private investment partnerships in economic activities and infrastructural projects that minimizes carbon emissions pollution reductions, improves energy usage, and ultimately prevents the loss of biodiversity within the ecosystem services for humankind. Implementing SD policies is paradoxically challenging for a Nigeria and other African countries due to significant factors affecting the success of such policies and efforts within its economy. This study examined 11success factors (SFs) that affects SD in Nigeria’s economy. The results show the huge impact of stakeholders on the success of the SD efforts in Nigeria. In addition, SD policy implementation, enforcement, and adaptability may take years or decades, but once embedded in overall economic sectors, organizational operations, and corporate social responsibilities, as well as the majority of the population’s respective activities, the positive social, economic, and environmental sustainability impacts, will be profound.
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