The Nexus between Green Finance, Climate Finance, and Sustainable Development in Nigeria: An ARDL Bounds Testing Approach
Using an ARDL bounds testing approach on Nigerian data from 1990 to 2023, this study confirms that while green and climate finance significantly drive long-term sustainable development, their current scale and structural limitations, alongside transitional costs and institutional inefficiencies, necessitate strengthened policy frameworks and expanded private-sector participation to fully achieve Nigeria's climate and development goals.