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Articles

CJOE: VOL. 7 NO. 1, JUNE 2023

The Role of The World Bank Group in Green Financing to Enhance Green Entrepreneurship in Nigeria

Submitted
July 13, 2023
Published
2023-07-13

Abstract

The World Bank Group is one of the World’s largest sources of funding for developing countries especially in the fight against poverty. Each institution of the World Bank Group plays a distinct role in the mission to fight poverty and improve living standards for people in the developing world. This study identified poverty as one of the major problems caused by the negative impacts of climate change leading to major disasters such as flooding, erosion, desertification, etc.  in Nigeria today. It identified green entrepreneurship as one of the major strategies to adapt and mitigate climate change in Nigeria thereby eradicating poverty and ensuring sustainable economic growth. It also explored the critical role the World Bank Group can play in eradicating poverty by green financing to enhance green entrepreneurship  in Nigeria. This study recommended further research in the field of green financing and green entrepreneurs to enhance solutions to eradicate poverty in Nigeria.This study concluded by highlighting the need to enhance green   entrepreneurship   through green finance for sustainable development in Nigeria.