Application of Environmental Accounting Principles in Boosting Fish Production in Nigeria

Emmanuel Emeakponuzo Daferighe; Patience Etim Offiong; Joseph Alfred Emah

doi:doi:10.11648/j.ijnrem.20170202.12

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Application of Environmental Accounting Principles in Boosting Fish Production in Nigeria

Emmanuel Emeakponuzo Daferighe, Patience Etim Offiong, Joseph Alfred Emah

Published in International Journal of Natural Resource Ecology and Management (Volume 2, Issue 2)

Received: 1 January 2017 Accepted: 16 January 2017 Published: 10 March 2017

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Abstract

The paper is a result of the study of the application of environmental accounting principles in boosting fish production in Nigeria. The neglect of the agricultural sector in the country has been a major set-back to the economic development. Therefore, a focus on boosting fish production will be apart from promoting the standard of living and economic health; through increased protein intake; lead to sustainable economic development. The objective of the paper was to evaluate how relevant environmental accounting principles will be applied in achieving this sustainable economic development. It was a survey of fish farmers from the 31 Local Government Areas of Akwa Ibom State to whom a questionnaire was administered to determine the level of applicability of Environmental Accounting principles. Also, secondary data for the period 2004 and 2013 were analyzed to identify economic potential and macroeconomic effects on increased fish production. It was discovered that there was a huge potential of investment and growth in the fisheries sub-sector as only 34% of annual demand was met by production. It was also discovered that the level of awareness and relevance of Environmental Accounting Principles was very low. It was recommended that government should focus on the fisheries sub- sector by providing the infrastructure and adequate training on fish farming and environmental matters to the farmers. Also, regulatory activities should focus on recycling of water, waste water treatment and proper drainage and soak- away pits to reduce the discharge of farm water into the environment. These done will boost fish production and ultimately reduce the strain on the foreign exchange reserve of the country.

Published in	International Journal of Natural Resource Ecology and Management (Volume 2, Issue 2)
DOI	10.11648/j.ijnrem.20170202.12
Page(s)	24-31
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2017. Published by Science Publishing Group

Keywords

Environmental Accounting Principles, Fish Production, Sustainable Economic Development, Foreign Exchange Reserve

References

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[4]	Akenbor, A. & Ike, P. (2015). Analysis of technical efficiency of Catfish Farming in Edo State, Nigeria. Journal of Biology, Agriculture and Healthcare, Vol. 5 (2): 96-101.
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[8]	Daferighe, E. E. (2010). Environmental Accounting and Degradation. A Quarterly Journal of Association of National Accountants of Nigeria, 18, No. 4: 55-67.
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[18]	Lee, H., Chung, R. & Koo, C. (2005). On the Relationship between Economic Growth and Environmental Sustainability, Division of Economic and International trade, Kangwon National University, Hyoja 2 –dong, Chuncheon, 200-701, Republic of Korea.
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APA Style

Emmanuel Emeakponuzo Daferighe, Patience Etim Offiong, Joseph Alfred Emah. (2017). Application of Environmental Accounting Principles in Boosting Fish Production in Nigeria. International Journal of Natural Resource Ecology and Management, 2(2), 24-31. https://doi.org/10.11648/j.ijnrem.20170202.12

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ACS Style

Emmanuel Emeakponuzo Daferighe; Patience Etim Offiong; Joseph Alfred Emah. Application of Environmental Accounting Principles in Boosting Fish Production in Nigeria. Int. J. Nat. Resour. Ecol. Manag. 2017, 2(2), 24-31. doi: 10.11648/j.ijnrem.20170202.12

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AMA Style

Emmanuel Emeakponuzo Daferighe, Patience Etim Offiong, Joseph Alfred Emah. Application of Environmental Accounting Principles in Boosting Fish Production in Nigeria. Int J Nat Resour Ecol Manag. 2017;2(2):24-31. doi: 10.11648/j.ijnrem.20170202.12

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@article{10.11648/j.ijnrem.20170202.12,
  author = {Emmanuel Emeakponuzo Daferighe and Patience Etim Offiong and Joseph Alfred Emah},
  title = {Application of Environmental Accounting Principles in Boosting Fish Production in Nigeria},
  journal = {International Journal of Natural Resource Ecology and Management},
  volume = {2},
  number = {2},
  pages = {24-31},
  doi = {10.11648/j.ijnrem.20170202.12},
  url = {https://doi.org/10.11648/j.ijnrem.20170202.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijnrem.20170202.12},
  abstract = {The paper is a result of the study of the application of environmental accounting principles in boosting fish production in Nigeria. The neglect of the agricultural sector in the country has been a major set-back to the economic development. Therefore, a focus on boosting fish production will be apart from promoting the standard of living and economic health; through increased protein intake; lead to sustainable economic development. The objective of the paper was to evaluate how relevant environmental accounting principles will be applied in achieving this sustainable economic development. It was a survey of fish farmers from the 31 Local Government Areas of Akwa Ibom State to whom a questionnaire was administered to determine the level of applicability of Environmental Accounting principles. Also, secondary data for the period 2004 and 2013 were analyzed to identify economic potential and macroeconomic effects on increased fish production. It was discovered that there was a huge potential of investment and growth in the fisheries sub-sector as only 34% of annual demand was met by production. It was also discovered that the level of awareness and relevance of Environmental Accounting Principles was very low. It was recommended that government should focus on the fisheries sub- sector by providing the infrastructure and adequate training on fish farming and environmental matters to the farmers. Also, regulatory activities should focus on recycling of water, waste water treatment and proper drainage and soak- away pits to reduce the discharge of farm water into the environment. These done will boost fish production and ultimately reduce the strain on the foreign exchange reserve of the country.},
 year = {2017}
}

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TY  - JOUR
T1  - Application of Environmental Accounting Principles in Boosting Fish Production in Nigeria
AU  - Emmanuel Emeakponuzo Daferighe
AU  - Patience Etim Offiong
AU  - Joseph Alfred Emah
Y1  - 2017/03/10
PY  - 2017
N1  - https://doi.org/10.11648/j.ijnrem.20170202.12
DO  - 10.11648/j.ijnrem.20170202.12
T2  - International Journal of Natural Resource Ecology and Management
JF  - International Journal of Natural Resource Ecology and Management
JO  - International Journal of Natural Resource Ecology and Management
SP  - 24
EP  - 31
PB  - Science Publishing Group
SN  - 2575-3061
UR  - https://doi.org/10.11648/j.ijnrem.20170202.12
AB  - The paper is a result of the study of the application of environmental accounting principles in boosting fish production in Nigeria. The neglect of the agricultural sector in the country has been a major set-back to the economic development. Therefore, a focus on boosting fish production will be apart from promoting the standard of living and economic health; through increased protein intake; lead to sustainable economic development. The objective of the paper was to evaluate how relevant environmental accounting principles will be applied in achieving this sustainable economic development. It was a survey of fish farmers from the 31 Local Government Areas of Akwa Ibom State to whom a questionnaire was administered to determine the level of applicability of Environmental Accounting principles. Also, secondary data for the period 2004 and 2013 were analyzed to identify economic potential and macroeconomic effects on increased fish production. It was discovered that there was a huge potential of investment and growth in the fisheries sub-sector as only 34% of annual demand was met by production. It was also discovered that the level of awareness and relevance of Environmental Accounting Principles was very low. It was recommended that government should focus on the fisheries sub- sector by providing the infrastructure and adequate training on fish farming and environmental matters to the farmers. Also, regulatory activities should focus on recycling of water, waste water treatment and proper drainage and soak- away pits to reduce the discharge of farm water into the environment. These done will boost fish production and ultimately reduce the strain on the foreign exchange reserve of the country.
VL  - 2
IS  - 2
ER  -

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Author Information

Emmanuel Emeakponuzo Daferighe

Department of Accounting, University of Uyo, Uyo, Nigeria
Patience Etim Offiong

Department of Accounting, University of Uyo, Uyo, Nigeria
Joseph Alfred Emah

Department of Accounting, University of Uyo, Uyo, Nigeria

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APA Style

Emmanuel Emeakponuzo Daferighe, Patience Etim Offiong, Joseph Alfred Emah. (2017). Application of Environmental Accounting Principles in Boosting Fish Production in Nigeria. International Journal of Natural Resource Ecology and Management, 2(2), 24-31. https://doi.org/10.11648/j.ijnrem.20170202.12

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ACS Style

Emmanuel Emeakponuzo Daferighe; Patience Etim Offiong; Joseph Alfred Emah. Application of Environmental Accounting Principles in Boosting Fish Production in Nigeria. Int. J. Nat. Resour. Ecol. Manag. 2017, 2(2), 24-31. doi: 10.11648/j.ijnrem.20170202.12

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AMA Style

Emmanuel Emeakponuzo Daferighe, Patience Etim Offiong, Joseph Alfred Emah. Application of Environmental Accounting Principles in Boosting Fish Production in Nigeria. Int J Nat Resour Ecol Manag. 2017;2(2):24-31. doi: 10.11648/j.ijnrem.20170202.12

Copy | Download

@article{10.11648/j.ijnrem.20170202.12,
  author = {Emmanuel Emeakponuzo Daferighe and Patience Etim Offiong and Joseph Alfred Emah},
  title = {Application of Environmental Accounting Principles in Boosting Fish Production in Nigeria},
  journal = {International Journal of Natural Resource Ecology and Management},
  volume = {2},
  number = {2},
  pages = {24-31},
  doi = {10.11648/j.ijnrem.20170202.12},
  url = {https://doi.org/10.11648/j.ijnrem.20170202.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijnrem.20170202.12},
  abstract = {The paper is a result of the study of the application of environmental accounting principles in boosting fish production in Nigeria. The neglect of the agricultural sector in the country has been a major set-back to the economic development. Therefore, a focus on boosting fish production will be apart from promoting the standard of living and economic health; through increased protein intake; lead to sustainable economic development. The objective of the paper was to evaluate how relevant environmental accounting principles will be applied in achieving this sustainable economic development. It was a survey of fish farmers from the 31 Local Government Areas of Akwa Ibom State to whom a questionnaire was administered to determine the level of applicability of Environmental Accounting principles. Also, secondary data for the period 2004 and 2013 were analyzed to identify economic potential and macroeconomic effects on increased fish production. It was discovered that there was a huge potential of investment and growth in the fisheries sub-sector as only 34% of annual demand was met by production. It was also discovered that the level of awareness and relevance of Environmental Accounting Principles was very low. It was recommended that government should focus on the fisheries sub- sector by providing the infrastructure and adequate training on fish farming and environmental matters to the farmers. Also, regulatory activities should focus on recycling of water, waste water treatment and proper drainage and soak- away pits to reduce the discharge of farm water into the environment. These done will boost fish production and ultimately reduce the strain on the foreign exchange reserve of the country.},
 year = {2017}
}

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TY  - JOUR
T1  - Application of Environmental Accounting Principles in Boosting Fish Production in Nigeria
AU  - Emmanuel Emeakponuzo Daferighe
AU  - Patience Etim Offiong
AU  - Joseph Alfred Emah
Y1  - 2017/03/10
PY  - 2017
N1  - https://doi.org/10.11648/j.ijnrem.20170202.12
DO  - 10.11648/j.ijnrem.20170202.12
T2  - International Journal of Natural Resource Ecology and Management
JF  - International Journal of Natural Resource Ecology and Management
JO  - International Journal of Natural Resource Ecology and Management
SP  - 24
EP  - 31
PB  - Science Publishing Group
SN  - 2575-3061
UR  - https://doi.org/10.11648/j.ijnrem.20170202.12
AB  - The paper is a result of the study of the application of environmental accounting principles in boosting fish production in Nigeria. The neglect of the agricultural sector in the country has been a major set-back to the economic development. Therefore, a focus on boosting fish production will be apart from promoting the standard of living and economic health; through increased protein intake; lead to sustainable economic development. The objective of the paper was to evaluate how relevant environmental accounting principles will be applied in achieving this sustainable economic development. It was a survey of fish farmers from the 31 Local Government Areas of Akwa Ibom State to whom a questionnaire was administered to determine the level of applicability of Environmental Accounting principles. Also, secondary data for the period 2004 and 2013 were analyzed to identify economic potential and macroeconomic effects on increased fish production. It was discovered that there was a huge potential of investment and growth in the fisheries sub-sector as only 34% of annual demand was met by production. It was also discovered that the level of awareness and relevance of Environmental Accounting Principles was very low. It was recommended that government should focus on the fisheries sub- sector by providing the infrastructure and adequate training on fish farming and environmental matters to the farmers. Also, regulatory activities should focus on recycling of water, waste water treatment and proper drainage and soak- away pits to reduce the discharge of farm water into the environment. These done will boost fish production and ultimately reduce the strain on the foreign exchange reserve of the country.
VL  - 2
IS  - 2
ER  -

Copy | Download