Poor Economic Development Research Articles

Exploring socio-economic and financial dimensions of rural small-scale gem mining in Passara, and Lunugala areas of Sri Lanka: Implications for sustainable development

Despite being rich in gem resources, the Passara, and Lunugala areas of Sri Lanka continue to experience poor economic and social development, lagging other regions of the country. This disparity raises the need to examine the underlying causes of their stagnation, despite the potential of the gem mining industry to drive growth. Therefore, the research problem seeks to explore "How do socio-economic challenges, financial inequities, and traditional practices in the rural gem mining industry of Passara, and Lunugala in Badulla district hinder its contribution to sustainable development and equitable growth?". Hence, the objectives of this study are two-fold: firstly, to identify the socio-economic challenges faced by workers and owners in the rural gem mining industry of Passara, and Lunugala. Secondly, to investigate financial disparities and power dynamics between investors/owners and workers in the gem mining sector, focusing on their impact on sustainable development. The research adopts a qualitative approach, employing interpretivism and inductive reasoning to assess the experiences, challenges, and aspirations of five investors/owners and fifteen workers in gem mining. The findings highlight critical socio-economic hurdles, financial disparities between owners and workers, and the need for policy interventions to foster equitable growth and environmental sustainability. Key recommendations include implementing Environmental Social and Governance (ESG) practices, advancing mining techniques, and introducing robust labor laws.

The resource curse and the role of institutions revisited

AbstractMany studies have shown that natural resource abundant countries with strong institutions tend to escape the resource curse. Institutional quality has been examined using broad indices of rule of law, the rate of murder, the share of the shadow economy and provision of public goods. Nonetheless, we need to locate the specific institutional conditions under which the curse manifests since some “rule of law” countries like Nigeria and Angola are generally classified as resource cursed. In this review, I argue that managing and distributing natural resource wealth through a centralised planning strategy and lack of a binding long-term national development plan are institutional conditions that encourage government unaccountability as they do not restrict policy makers against discretionary distribution of natural resource windfall, rent seeking, clientelism and corruption which contribute to poor economic development and growth. Also, inadequate regulations on how to address the potential or actual impacts of natural resource extraction on the livelihood of local people and the environment tend to precipitate grievance-induced resource conflict.

Combating Rising Energy Poverty with Sunnah-Compliant Orthodox Sukuk Finance

There is a growing number of published peer-reviewed articles, government reports and investigations from civil societies reporting the poor performance of Public Private Partnerships (PPP)-provided utilities services. The purpose of this desk study is to explore the unreported connection between the source of financing for Public Private Partnerships (PPP) projects in the energy sector and the growing energy poverty across the globe. Energy poverty has become a growing threat to households in both developing and developed countries. Studies have shown that energy poverty results in poor health outcomes, discomfort, and poor economic and intellectual development. The causes of energy poverty have been attributed to rising energy prices, stagnated household incomes and poorly energy-efficient buildings. In response, there are growing calls in many countries for the re-nationalisation of energy companies. However, there is a dearth of studies exploring the connection between conventional interest-based debt finance used in financing PPPs which require tariffs to be designed to achieve cost recovery and overcome the growing energy poverty. Our intention is to show that beyond the private vs. public provision debate, there exists an unexplored third approach that mainstream experts seem to ignore or are oblivious about. We argue that the highly leveraged interest-based financing model currently used by PPP sponsors exacerbates energy poverty because of interest costs built into consumer tariffs. We argue that adopting orthodox non-interest equity-based sukuks as a medium of financing for energy PPPs will lead to a reduction in energy tariffs, and will enhance affordability, sustainability, value-for-money and reduce energy poverty. The emphasis on orthodoxy is derived from the fact that most of the current sukuks in the market violate the core concept of Islamic finance by promising a fixed return to investors.

Climate change in Himalayas: Impacts on lives and livelihoods

Climate change is emerged as an issue of great concern for the nations around the world. It affects virtually all physical, biological and human systems on this planet. However, the impacts are particularly severe for highly climate sensitive environments like Himalayas. The impacts of climate change are well observed in the Himalayas in the form of increasing temperature, melting glaciers, formation of glacial lakes, glacial lakes outburst floods (GLOFs) event and changing biodiversity and the ecosystems. Often referred as the ‘Third Pole’ or the ‘Water Tower of Asia’, Himalayas host largest concentration of glaciers outside the polar region which feed 10 of giant Asian rivers. Himalayas provide lifeline for half a billion people in the mountains and more than 1.3 billion people in the river basins who depend directly or indirectly on mountain resources for food, water, hydroelectricity, timber, biodiversity, and niche products. Climate change is a critical issue in the Himalayas not only because it adversely affects ecosystem of the region but also because it could have serious repercussions for mountain people. Due to fragile ecology and inaccessibility and poor economic development, people in the mountains have limited livelihood options. They depend heavily on agriculture, livestock rearing, forest products and tourism which are highly sensitive to climate change. Thus, any adverse impact on mountain resources will eventually have adverse effects on the life and livelihoods of mountain people. Although data about human well being in the Himalayas is scant, the climate change effects are likely to be experienced by them, among other things, on their livelihoods, health, and natural resource security. Thus, in this paper an attempt has been made to review the available literature on the climate change trends in the Himalayas and their subsequent impacts on mountain people.

Youths and Economic Development in Nigeria

No country seeking economic development which is the good and better life can afford to neglect the youth or abandon them to constitute a major social problem. This is because the youths are the engine of growth and development. Their action and inaction can develop or destroy the fabrics of their country. In other words, they determine the future of the country. It is on this backdrop that this paper is out to address the importance of preparation and training of the youths in order to achieve sustainable economic development. It adopted a theoretical approach as its methodology and found that there is indisputable evidence of poor economic development due to lack of preparation and training on the part of the youths. The paper therefore recommended that the government should adequately fund the educational sector and should also have the farmer’s mentality and do away with the hunter's mentality.

Local environmental legislation and employment growth: evidence from Chinese manufacturing firms.

In China, there exists a huge debate for a long time on whether a double dividend, reducing pollution emissions and boosting employment, can be achieved by intensifying environmental regulations. In this paper, we use two data sets on provincial environmental legislation and Chinese manufacturing firms during 1998-2013, to estimate the impact of provincial environmental legislation on the firms' employment growth with a difference-in-difference (DID) model. Results showed that (1) after the implementation of environmental legislation, the employment growth of regulated manufacturing firms decreases significantly by 3.07%, and this result is robust to alternative tests. (2) Local environmental legislation reduces employment growth mainly via the influencing mechanism of the firm's entry and exit, export, and innovation. (3) The local environmental legislation has heterogeneous impacts on employment growth in different industries and different regions, and the estimated effect is more obvious in high-pollution industries and areas with strong enforcement. (4) Environmental legislation significantly improves job destruction and reduces job creation, resulting in a - 3.86% job net increase. Due to the long-term implementation of extensive economic growth mode, China's ecological environment has been deteriorating since the 1990s, and environmental pollution has attracted more and more social attention. Until 2013, the Communist Party of China put forward 'ecological civilization', and building a beautiful new China with harmonious coexistence between man and nature has become an important development strategy. Meanwhile, starting from the implementation of the Two-Control-Zone policy in 1998, China has implemented numerous environmental policies in just ten years. These environmental policies have greatly improved the quality of China's ecological environment, but their economic effects have been controversial. Given the special historical period, this paper helps assess the impact of Chinese environmental policies on employment and provides a more objective policy evaluation and implications for improving existing laws and regulations to achieve higher social welfare. To achieve this goal of balancing the improvement of the ecological environment and high employment level, environmental policies firstly should be flexible to ensure that the environmental standards follow the firm's characteristics and regional characteristics to avoid "one size fits all". Particularly, for regions with poor economic development or having a single industrial structure, the implementation cycle of the environmental policies should be extended to ensure that they have enough time to achieve industrial restructuring and complete the environmental protection goals. Secondly, we find that environmental legislation hurts employment growth by limiting export decisions, so the government should use multiple channels to stabilize export when implementing environmental legislation. Thirdly, technological R&D and innovation play an important role in the effect of environmental legislation on firms' employment growth. Therefore, the government should provide a more flexible environment for firms' R&D and innovation with appropriate fiscal policies and technical support.

Investor attention and environmental information disclosure quality: Evidence from heavy pollution industries in China

AbstractUsing listed firms from 16 heavy pollution industries in China, we show that investor attention can significantly improve the quality of corporate environmental information disclosure. By examining the heterogeneity effects of investor attention under different firm characteristics, locations, and external supervision, we reveal that this improvement effect is more pronounced for smaller firms, state‐owned enterprises, firms with weaker corporate governance, and firms located in China's western regions (regions with poor economic development). We further find that public's attention to environmental issues promotes the investor attention level on firms in heavy pollution industries, thus improving firms' environmental information disclosure quality. Overall, our results emphasize the role of external investor attention on corporate environmental issues.

The impact of principals’ transformational leadership and teachers’ organizational commitment on teachers’ teaching effectiveness in ethnic areas of China: Taking gender as a moderator

Guangxi is a border area where ethnic minorities are distributed, with poor economic development foundation, slow growth, relatively traditional, high turnover rate and outdated education. The purpose of the study was to evaluate the impact and to identify the path of principals’ transformational leadership on teachers’ teaching effectiveness in ethnic autonomous region of China. A regression analysis survey design was adopted to collect the data from the teachers of elementary schools. Based on 5-point Likert Scale of 771 questionnaires from Guangxi Province of China, the survey concluded: (1) principals’ transformational leadership, teachers’ organizational commitment, and teachers’ teaching effectiveness differed significantly by gender and age, (2) principals’ transformational leadership significantly influenced teachers’ teaching effectiveness, in addition, teachers’ organization commitment can partially mediate the effects, (3) gender can moderate the path of principals’ transformational leadership to teachers’ organization commitment, specifically, male teachers carry more weight. The study findings may serve as a guide for further research on management and leadership of leaders and members in educational organizations.

REVIEW OF BIODIVERSITY LOSS AND ITS IMPLICATION ON FOOD SECURITY IN NIGERIA

One of the countries sanctified with wide arrays biodiversity and natural-assets is Nigeria, which includes shrubbery, animals and microorganisms on which livelihood and food security of her citizens greatly depends. However, the rate at which these biodiversity and biological-assets are being reduced as a result of increased human actions is both national and global challenge that requires concerted effort and holistic approach. The valuables are gradually going into extinction. Thus, this paper reviews the evidence of loss of biodiversity in Nigeria from literatures, major causes of biodiversity loss in Nigeria which include increased human population, poverty, poor economic development, indefinite lawmaking and policies lying on biodiversity conservation, type of weather alteration, toxic waste, foray of creature from outer space species and other anthropogenic activities. The implications of biodiversity on foodstuff availability, ease of access, utilization and steadiness are the most important four domains of groceries safekeeping that are critically examined. Some of the unwholesome practices that endangered biodiversity are itemized and possible suggestions and recommendations are proffered. There is urgent need to sensitize and educate Nigerians on the implication of biodiversity loss on food security.

Dynamics of Entrepreneurship Education and Small and Medium Enterprises (SMEs) Development in North Central Nigeria

This study sought to determine entrepreneurship education and small and medium enterprises development in North Central, Nigeria. The nonchalant entrepreneurial attitude and intention of youths and individuals in the society has posed a lot of challenges leading to slow development of small and medium enterprises, with the resultant effects of poor economic growth and development. The specific objectives of the study were to: (i) Ascertain the extent to which entrepreneurship vocational training affects products development of small and medium enterprises in North Central, Nigeria; (ii) Determine the extent to which entrepreneurial skill acquisition enhances productivity of small and medium enterprises in North central, Nigeria; (iii) Determine the extent to which entrepreneurial networking affects market expansion of SMEs in North Central, Nigerian. On the conduct of the study, the survey design was used. The target population of the study was 17,973 consisting of all staff of private enterprises (including owner-founder) that are registered with the various state ministries of Trade, Commerce, Industry, and Tourism in North Central, Nigeria. A sample size of 377 was drawn from the population using Krejcie and Morgan sample size determination. Bowley’s proportional statistical technique was used to determine the proportional allocation of questionnaire to the number of enterprise and staff in each state. The instruments used for data collection was the mixed method: which is quantitative (structured questionnaire) and qualitative (interview) method. Face and content validity, a panel of management experts in the department was used to critiques the validity of the instrument. The instrument was checked for reliability using Test-retest method and the results computation was carried out using Spearman Ranking Correlation Coefficient of test-retest results and a value of 0.98 indicated a high degree of item consistency. The hypotheses were tested using Pearson product moment correlation technique for hypotheses one and two; simple linear regression for hypothesis three. The findings revealed that: To a large extent entrepreneurship vocational training enhances products development of small and medium enterprises in North Central, Nigeria (r=.979, p<0.05): Entrepreneurial skill acquisition enhances productivity of small and medium enterprises in North Central, Nigeria (r=.949, p<0.05). Based on the findings of the study, it was recommended that there should be more government and private sector involvement in the concept of entrepreneurship education; more so, policy makers and implementers should see entrepreneurship as a pivot engine that steers the economic hub of any nation to a virile and greater height. More importantly taking a turn from the “Asian tigers” economy, that has strategic turnaround was from entrepreneurship development.

Do underwriters with foreign shareholders help protect bond investors? Evidence from bond covenants in China

Using samples of corporate bonds issued by Chinese A-share firms from 2007 to 2019, we examine the impact of having a local underwriter with foreign shareholders (UFS) affects the number of bond covenants. Our findings suggest that an UFS, on average, adds more covenants to its underwritten bonds to protect the interests of bondholders than local underwriters without foreign shareholders (UNFS). Our conclusion remains robust to alternative metrics of bond covenants and foreign shareholders, and after accounting for endogeneity. Additional analyses suggest that the effect of UFS on bond covenants is more salient when: 1) the issuer is opaque, has a duality of board chair and CEO, or is a non-state owned firm, 2) the issuer is located in a poor legal environment, in a low marketization area, or a region with poor economic development, 3) the foreign shareholder of the local underwriter has experience in its home market, is from a country with a better legal environment, or has ample experience in the Chinese underwriting business, or 4) after a major issue default in 2014. Furthermore, we find underwriter profit seeking and the benefits of repetitive financing motivate firms to hire UFS.

Flood causes, consequences, protection, measures and management in Kaserkand, Sarbaz and Dashtyari Districts, Makoran, Iran

Flooding is the most overwhelming natural hazard in this region due to miscellaneous ecosystems and occurs mainly due to the heavy monsoon rains throughout the country, commonly late in the summer season and overflow the rivers and streams over dry land. In the Makoran region floods are a common problem and their continuity makes them more alarming for its economic growth. Flooding is globally a major natural hazard and results in property and life loss and poor economic development. Though it is not possible to prevent the occurrence of floods, their negative impacts could be minimized substantially through proper planning and effective preparation. The susceptibility to floods could be reduced by accurate and timely prediction (Forecasting and Warning) and by impact-reducing measures. Although the impacts of floods vary from one place to another and in the consequences, there are significant losses such as human life lost their shelter, livelihood, damage to the public and private infrastructures such as roads and bridges. The aim of this work is to present a brief analysis of the flooding behavior of the Kajo and Sarbaz basin, flood causes, their dreadful impacts, and the flood administration at the national level. This study also examines the aftermaths of severe floods in the Makoran region by a comprehensive and systematic review of consequence, protection, measures and management with a suitable investigation. Recommendations have been made through detailed analysis of flooding, to minimize the terrible impacts and to avoid floods continuity in coming years. It could be managing with constructing storage dams, diversion canals, dikes and storm surge barriers.

Man-land relationship based on the spatial coupling of population and residential land – A case study of Yuzhong County in Longzhong Loess Hilly Region, China

Population and residential land use are the core elements of the rural man-land relationship system. The relationship between the rural population and residential land is of great significance to the study of the man-land relationship in rural regions. The Longzhong loess hilly region is one of the most vulnerable areas of social ecology and economy in China, with relatively poor natural conditions and economic development. In this paper, 268 administrative villages in Yuzhong County, Longzhong Loess Hilly Region, were used as evaluation units with spatial dislocation analysis methods to analyze the spatial distribution of population and residential land from a micro-spatial perspective. This shows the coupling relationship between population and residential land, and altitude gradient characteristics. Following conclusions are obtained: (1) Rural permanent residents, migrants, residential land area and idle homesteads show high spatial similarity. The areas with high density and geographic concentration are mainly concentrated in the central Chuanyuan area, and the areas with low ones are mainly distributed in the northern mountainous regions. (2) There is a highly coupled relationship between population and residential land in Yuzhong County. For the permanent population and residential land area, 89.18% of the administrative villages are in coordination, and 10.82% of the administrative villages are not coordinated. In terms of the proportion of the migrant population and the proportion of idle homesteads, 55.97% of the administrative villages are coordinated, and 44.03% of the administrative villages are not coordinated. (3) The altitude gradient effect on the “population-residential land” coupling relationship is significant. The permanent population and residential land area are mainly “H-H” type villages in low-altitude gradient areas, and “L-L” type villages in medium-high altitude gradient areas. The proportion of the outflow population and the proportion of idle homesteads of “L-L” type villages are the largest in low-altitude gradient areas, and that of “H-L” type villages are the largest in the middle and high-altitude gradient areas. This paper explored a new model of man-land relationship, and improved the theory of rural man-land relationship regional system. It is of great significance to promote the coordinated and sustainable development of loess hilly region and even the entire Loess Plateau in China.

Regional identity in a geopolitically contested area: Preševo Valley (South Serbia) scientific argumentation and political use

This paper discusses the theoretical and methodological principles in the process of regionalization and analyzes the criteria used during the designation of the region as a category of special importance in geographical research. Methodological principles of regionalization were applied during the differentiation of the Preševo Valley as an individualized region. The Preševo Valley is a small region in South Serbia with a very favorable geographical position because it is located in the central part of the Balkan Peninsula between the Morava and Vardar valleys. Theoretical and methodological discussion highlights elements of a geographical and socio-economic basis that contribute to a regional-geographical differentiation of the area, as well as those elements that appear as an obstacle in attempts to differentiate this area in regional terms. A critical overview of the use of the name ‘Preševo Valley’ between scientific argumentation and political usage is also given. A survey was carried out to identify the main elements that constitute Preševo Valley’s regional identity. The main results show that this region is characterized by a mostly Albanian population, poor economic development, high migration rates, strategic position, and a strong national consciousness.

The general situation and countermeasures of tourism development in Lishui

Zhejiang Province is one of the most economically developed provinces in China. However, Lishui is one of the cities with poor economic development and tourism development in the province. Although its geographical location and economic development lag far behind other cities in the province, tourism resources in lishui have unique advantages. This paper first introduces the general situation and tourism resources of Lishui , then uses SWOT analysis method to analyze the tourism industry. It clearly lists its own strengths, weaknesses, external opportunities and external threats. This paper focuses on the shortcomings of the tourism industry of Lishui and work out a more specific and operable solution.. First of all, we must reposition the tourism industry in Lishui and establish an excellent tourism brand, then improve and optimize relevant aspects to promote the all-round development of tourism in Lishui.

Changes of Nutritional Characteristics of Whey Fermented with Kefir Grains - A Preliminary Results

Whey as a major by-product of cheese production is a subject of survey in the past decade because of its nutritional value and the possibilities to make high quality dietetic beverages. Because whey is produced in high amounts and contains organic matter in high quantity its disposal can cause serious environmental pollution. Instead the whey can be used as a raw material to produce beverages which can be classified as a healthy or functional food with added value. This is especially important for the countries with poor economic development where with a single technological process all potential of whey as a raw material can be utilized. The aim of the present study was to evaluate the whey nutritional value and the possible changes as a result of whey fermentation using kefir grains. The samples of unpasteurized cow’s whey were collected from a small farm where cheese was produced in a traditional way. After milk curdling with commercial enzymatic rennet the whey was collected and inoculated with kefir grains. The fermentation was carried out at room temperature (25 ̊C) in the span of 24 hours. The inoculation of the whey was performed with different quantities of kefir grains (5% and 10%). The examined phisico-chemical characteristics of whey were not significantly changed. The presence of lactose is an exception. The microbiological examination showed a tendency of decreasing in the number of total aerobic bacteria, E. coli and Staphylococcus aureus. As it was expected, the number of yeasts and Lactobacillus sp. increased. Additional inoculation of fermented whey with strain cultures of E. coli ATCC 8739 and coagulase positive Staphylococcus aureus ATCC9610 was performed. After 24 hours of incubation at 37 ̊C, no strains of E. coli ATCC 8739 and coagulase positive Staphylococcus aureus ATCC 9610 were recorded. These results indicated the bactericidal effects of kefir grains over the used bacterial strains but additional investigations are required.

Urban thermal perception and self-reported health effects in Ibadan, south west Nigeria.

The ability of poor urban populations in developing countries to adapt to rapid increase in surface temperature and likely health effect of a 1.5°C increase in global temperature is uncertain. Rapid urbanization and poor socio, economic, and technological development may increase heat vulnerabilities of poor urban populations in tropical cities. This study examines the thermal perception of urban populations in Ibadan, south western Nigeria, and sociodemographic characteristics of individuals that influence thermal perception, self-reported health effects, and coping strategies to heat stress using a purposefully designed questionnaire and interviews with aged individuals in the five local government areas of Ibadan metropolis. Differences in sociodemographic characteristics of respondents such as inequalities in monthly income, occupation, ethnicity, housing characteristics, and length of stay in Ibadan significantly influence thermal perception, self-reported health effects of heat exposure, and coping strategies adopted. Perceived thermal conditions reported were warmer temperatures during the day and night (43.75%), warmer day-time temperatures (40.25%), and warmer night-time temperatures (16%). Dehydration and sweating (56%): heat rash, heat exhaustion, headaches, sleep disturbances and dehydration (15.25%), and sleep disturbance and sweating (12.25%) were major combinations of self-reported health effects. Other effects include fainting, diarrhea, raised blood pressure, and restlessness. Temperature variations (minimum and maximum) examined from 1971 to 2018 shows that warmer conditions are being experienced in Ibadan. Increased heat-health awareness and urban designs that respond to people's thermal perception should be encouraged in developing thermally comfortable environments in Ibadan.

You gain when you give: Constructing a sustainable development model for world heritage sites

The importance of preserving world heritage sites (WHS) has been recognized worldwide. WHS are still damaged in many developing countries, who insist that preserving lead to poor economic development. There is a dispute between ecological protection and economic growth. Scholars proposed sustainable development to resolve the dispute. However, the result of sustainable development could not be well evaluated by previous studies. The relationship between ecological protection and economic growth was still unknown. The research object of this study is to construct a two-stage model of sustainable development to deal with the dilemma between ecological and economic goals. The relationship between ecological protection and economic development will be verified. It is found that heritage sites could be protected by proper activities that contribute to economic development. Strict ecological protection brings a sound ecological environment, which, in turn, creates a positive image important for attracting arrivals. The innovation of this study is to propose a two-stage network DEA method with second order cone programming technique to examine the sustainable development. A performance improvement strategy map would be provided to promote the sustainable performance for WHS in different countries.

A Novel Method for Performance Measurement of Public Educational Institutions Using Machine Learning Models

Lack of education is a major concern in underdeveloped countries because it leads to poor human and economic development. The level of education in public institutions varies across all regions around the globe. Current disparities in access to education worldwide are mostly due to systemic regional differences and the distribution of resources. Previous research focused on evaluating students’ academic performance, but less has been done to measure the performance of educational institutions. Key performance indicators for the evaluation of institutional performance differ from student performance indicators. There is a dire need to evaluate educational institutions’ performance based on their disparities and academic results on a large scale. This study proposes a model to measure institutional performance based on key performance indicators through data mining techniques. Various feature selection methods were used to extract the key performance indicators. Several machine learning models, namely, J48 decision tree, support vector machines, random forest, rotation forest, and artificial neural networks were employed to build an efficient model. The results of the study were based on different factors, i.e., the number of schools in a specific region, teachers, school locations, enrolment, and availability of necessary facilities that contribute to school performance. It was also observed that urban regions performed well compared to rural regions due to the improved availability of educational facilities and resources. The results showed that artificial neural networks outperformed other models and achieved an accuracy of 82.9% when the relief-F based feature selection method was used. This study will help support efforts in governance for performance monitoring, policy formulation, target-setting, evaluation, and reform to address the issues and challenges in education worldwide.

Energy Security and Nigeria’s Sustainable Development: SDG 2030 (7)

Over the years, affordable and sustainable energy has been regarded as the backbone of any country needed for the development of her social and economic sectors. Sustainable energy is vital to the production of goods and services, transport, agriculture, health as well as an instrument for politics, security, and diplomacy. Nigeria is regarded as one of the most populous countries in Africa and is blessed with rich and diverse energy resources. However, poor access to affordable and sustainable energy by a larger percentage of the population has become a norm in the past decades and this has constituted greatly to the poor economic and social development of the country. This paper provides a minireview of the different potentials of energy resources in the country, prospects, and challenges of achieving energy security in Nigeria by the year 2030 as detailed in the United Nations sustainable development goal (SDG: 2030). The paper also discussed recent efforts by the government of Nigeria in tackling the energy crisis bedeviling the country. Findings from the review showed that Nigeria is blessed with abundant energy resources. However, the government needs to be proactive in the implementation of some of the proposed actions such as having a clear policy direction on energy and inclusion of renewable energy sources into the energy mix and reduction in energy wastage in its stride towards meeting sustainable development goal (SDG: 7) by the year 2030.