Authors: Yilshian Noel Nkup, Ogundare Nathaniel, Jide,Patience Sendi, Mrs Roseline, Nanbilip Bentu
Abstract: Nigeria’s pursuit of a green economy is vital for sustainable development amid environmental challenges. This study examines the impact of government regulatory frameworks on fostering an effective green economy, with corporate finance as a moderating factor. Using a survey of 256 executives from Nigeria’s commercial banks (population: 1,965), derived via Taro Yamane’s formula, moderated regression analysis via SPSS tested four hypotheses. Results show that regulatory clarity (β = 0.428, p < 0.001) and enforcement strength (β = 0.312, p < 0.001) significantly influence green economy outcomes, with corporate finance (green financing: β = 0.204, p < 0.01; ESG adoption: β = 0.187, p < 0.01) strengthening these relationships (R² = 0.704). All four null hypotheses were rejected, affirming the moderating role of corporate finance. Challenges include inconsistent enforcement and high financing costs. Recommendations include enhanced regulatory oversight, subsidized green loans, and ESG capacitybuilding. These findings contribute to sustainable development discourse in emerging economies.
DOI: http://doi.org/
