AN EXAMINATION ON THE IMPACT OF ENVIRONMENTAL POLLUTION ON THE GROWTH OF REAL ESTATE

AN EXAMINATION ON THE IMPACT OF ENVIRONMENTAL POLLUTION ON THE GROWTH OF REAL ESTATE

Background of the Study

Warri is a well-known oil producing city located in Delta State, Nigeria. It was named after the Warri River. One of the most important settlements in the Niger Delta, Warri is blessed with an abundance of valuable natural resources. In the Niger Delta area of Nigeria, oil extraction is both the main driver of the country's economy and a key contributor to the country's severe environmental and social issues. Oil exploration, production, and refining in Nigeria have led to a variety of environmental and ecological concerns throughout the course of the country's history. These issues include oil spills, gas flares, the loss of habitat, air and water pollution, and the deterioration of land. Also, the operations of illegal oil bunkering and illegal refineries conducted by natives and certain highly placed persons in government are a significant contributor to the oil pollution in that same area. These activities are responsible for a significant amount of the pollution. It is common for the chemical qualities of spilled oil to have an effect on the productiveness of the soil and to contaminate water bodies, which in turn causes damage that is irreversible to agricultural lands as well as aquatic bodies. Gas flaring is a huge environmental and economic concern in Nigeria, where it produces around 70 million metric tons of carbon dioxide per year. This has a negative impact on the surrounding communities' socioeconomic activities, which are mostly reliant on agricultural and fishing industries. It is estimated that flaring alone is responsible with 49 early deaths, 5000 respiratory diseases among children, and around 120,000 asthma episodes and 8 new causes of cancer each year in only one part of the Niger Delta. Water contamination is yet another significant problem that Nigeria is now facing.

According to Ashraf (2022), the primary contributor to the contamination of water sources in Nigeria is the country's extensive logging industry. The concentration of soil particles that find their way into water bodies is increased as a result of deforestation as well as inappropriate soil cultivation techniques. This leads to an increase in the sediment loads that water bodies carry. Another significant contributor to the problem of pollution in Nigeria is the dumping of waste products from industrial processes into bodies of water.

The contents of sulfates and nitrates in water bodies have increased as a result of discharges from industries such as petroleum, mining, iron and steel, pharmaceuticals, and textiles, amongst others. Additionally, the properties of water bodies, such as color and odor, have been altered as a result of these discharges. A significant number of people in Nigeria get the majority of the water they use in their homes, including for drinking and cooking, from ponds, streams, and shallow wells. Because of this, water pollution is a significant public health problem that puts the lives of around 40 million people at danger from illnesses such as cholera, dysentery, diarrhea, and typhoid.

Waste from both households and industries has been a significant contributor to the environmental degradation that has occurred in Nigeria.

In the majority of Nigeria's metropolitan regions, significant environmental and aesthetic issues are brought about by the inappropriate dumping of municipal garbage and the inadequate management of this material. As a result of excessive population and the development of slums, the majority of municipal districts now produce more trash than they are able to effectively manage.

BUY THIS TOPIC ON WHATSAPP

Related Project Materials

ABSTRACT

Queuing theory as a tool for optimising patients flow and resources utilisation in the female section of the OPD at Yusuf Dantso...

ABSTRACT

This study was carried out on the effect of ATM technology in Nigeria banking industry using S...

Abstract

In the face of capital deficiency in financing long term development, the capital-deficient economies have...