Environmental Taxation and Public Health Issues

Abstract

The impact of environmental deterioration and pollution on public health in Nigeria cannot be overstated. Despite the government's efforts to alleviate the public's suffering in the impacted areas, the situation has worsened. The purpose of this research is to look at the role of environmental taxes in improving the health of Nigerians. The analysis relies on secondary data acquired between 2010 and 2020 from the Central Bank of Nigeria Statistical Bulletin and the Organization for Economic Cooperation and Development (OECD). The data is examined using the multiple regression approach, and the results reveal that the existing environmental related taxes are not benefiting the public's health. However, government investment on environmental preservation has a large and favorable influence on public health. The report suggests the implementation of different environmental degradation and pollution levies that are available in nations with similar levels of pollution as Nigeria. The research does recommend, however, that firms with technological capacity and inventions to manage pollution and decrease environmental harm should be granted tax breaks as a method of encouraging and challenging other companies to replicate their good deeds.