WATER RESOURCES ACCOUNTING AND SUSTAINABLE DEVELOPMENT IN
NIGERIA

Cordelia Onyinyech Omodero 1
Amah Kalu Ogbonnaya 1
Azubike, Joseph Uche Belonwu 1
1 Michael Okpara University of Agriculture Umudike, Umuahia, Abia State.
cordeliaomodero@yahoo.com

Abstract
Water resources accounting has become a global concern due to the high rate of water pollution and
other emissions that put nations at risk of water scarcity if precautionary measures are not taken on
time. All necessary government intervention to reduce the risk of water scarcity is dependent on the
extent of water resource accountability available in the country. This paper examines the
contribution of water resources accounting to sustainable development in Nigeria. The data
employed spanned from 1981-2017 and were collected from the CBN Statistical Bulletin, 2017
edition. Ordinary Least Squares technique was used to analyze the date and the result indicated that
water resources accounted for, have strong and significant positive impact on the RGDP. The
findings also revealed that water resources are estimated to contribute a total of 72.6% variation in
the RGDP between the periods from 1981 to 2017 in Nigeria. Therefore, the study recommends
adequate training and empowerment for all agencies responsible for data gathering of water
resources. This will enhance quality water resources’ accountability. Policy makers should
encourage all forms of water resources accountability and management to sustain the economy by
liaising with international bodies and getting updates on global best practices in this area.
Keywords: Water resources, accounting, management, sustainable development, Nigeria.

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