Research Objective: This study investigates the economic impacts of green energy projects on local communities in Nigeria, focusing on job creation, income generation, and economic multipliers.
Methodology: A descriptive survey design was utilised to assess the economic effects of green energy projects. Data were analysed to determine the significance of variables such as job creation, income generation, and economic multipliers on local communities.
Findings: The study found that job creation (β = 0.455, t = 0.504, p > 0.05), income generation (β = 0.550, t = 3.826, p > 0.05), and economic multipliers (β = 0.341, t = 0.624, p > 0.05) have a significant effect on local communities. The transition to renewable energy has notably enhanced local economic outcomes, including increased income and job creation.
Conclusion: Green energy projects are contributing to significant economic improvements in Nigerian local communities. The transition from traditional energy sources to renewable alternatives is fostering strong local economic growth and aiding in achieving environmental sustainability goals.
Recommendations: The study recommends that the government support local entrepreneurs and small businesses in the renewable energy sector to further boost income generation. Additionally, it is advised that the government regularly monitor and evaluate the economic impacts of green energy initiatives to ensure their effectiveness and make necessary adjustments.
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