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Long Term Debt Financing and Environmental Sustainability: An Empirical Study of Nigerian Oil and Gas Firms

Dibua Ekene C. Umeh Sandra Amaka

Abstract

The study hence sought to examine the effect of long-term debt ratio on environmental remediation disclosure of listed oil and gas firms in Nigeria. Ex-post facto research design was employed in this study. The population of the study consisted of all the nine (9) Oil and Gas firms listed on the Nigerian Exchange Group as at 31st December, 2024. Regression analysis was employed to test the hypothesis. This research demonstrated that the long-term debt ratio significantly and positively influences environmental remediation disclosure (β1 = 0.471796; p- value = 0.009017). This study suggested indicated that governments or lending institutions ought to create long-term financing solutions for companies, including credit and equity guarantees, along with industry-specific credit facilities. Key words: Debt financing, Long term debt ratio and Environmental remediation disclosure

Keywords

Debt financingLong term debt ratio and Environmental remediation disclosure

References

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