Green Accounting and Profitability of Listed Manufacturing Firms in Nigeria

Abstract

This study examined Green Accounting and Profitability of Listed Manufacturing Firms in Nigeria, and considered how green accounting employed by Nigerian firms would significantly impact investors’ return in the long run. The study used ex-post facto research design that covered annual financial report from 2020 to 2024 as listed on Nigerian Exchange Group as at December 31, 2024, and data were analysed through descriptive statistics, regression and Correlation. The findings displayed that return on assets showed significant effect with co-efficient of -41.658 and p-value of 0.035; returns on equity displayed positive but insignificant with co-efficient of 29.182 and P-value of 0.475, and net profit margin showed co-efficient of 265.778 and P-value of 0.001 at 1% level. The study concluded that green accounting was a significant approach that could be used to get more returns on asset utilisation and operational effectiveness. It was recommended that environmental costs should be well managed, adhering to regulatory framework and given tax incentive to firms that involved in sustainability.